Financial Globalization, International Business Cycles and Consumption Risk Sharing*

A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the ‘business cycle’

1981 • 2,374 citations

Cointegration and Tests of Present Value Models

1987 • 2,166 citations

Output Fluctuations in the United States: What Has Changed Since the Early 1980's?

2000 • 2,026 citations

Risk and Insurance In Village India

1994 • 1,752 citations

International Real Business Cycles

1992 • 1,735 citations

Risk and Insurance in Village India

1994 • 1,530 citations

Trying to Explain Home Bias in Equities and Consumption

1999 • 1,476 citations

Understanding Consumption

1992 • 1,376 citations

International Business Cycles: World, Region, and Country-Specific Factors

2003 • 1,188 citations

The American Economic Review

2008 • 1,031 citations

A Simple Test of Consumption Insurance

1991 • 1,014 citations

Channels of Interstate Risk Sharing: United States 1963-1990

1996 • 822 citations

Implications of Efficient Risk Sharing without Commitment

1996 • 775 citations

Tastes and technology in a two-country model of the business cycle: Explaining international

1995 • 740 citations

Understanding Changes in International Business Cycle Dynamics

2005 • 710 citations

Full Insurance in the Presence of Aggregate Uncertainty

1991 • 702 citations

Consumption and real exchange rates in dynamic economies with non-traded goods

1993 • 591 citations

The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries

2001 • 555 citations

Measuring Contagion: Conceptual and Empirical Issues

2001 • 476 citations

Business Cycles and the Asset Structure of Foreign Trade

1995 • 465 citations

Growth volatility and financial liberalization

2006 • 438 citations

Output Fluctuations in the United States: What Has Changed Since the Early 1980s?

1998 • 412 citations

International risk sharing and European monetary unification

1998 • 402 citations

The real effects of financial integration

2005 • 357 citations

Economic integration, industrial specialization, and the asymmetry of macroeconomic fluctuations

2001 • 352 citations

Home bias and international risk sharing: Twin puzzles separated at birth

2007 • 343 citations

Financial globalization and real regionalization

2003 • 322 citations

Consumption and Labor Supply with Partial Insurance: An Analytical Framework

2014 • 281 citations

On International and National Dimensions of Risk Sharing

1999 • 177 citations

Understanding the Evolution of World Business Cycles

2005 • 155 citations

International Consumption Risk Sharing

1996 • 141 citations

International Investment Patterns

2004 • 106 citations

Intranational business cycles in the United States

1998 • 92 citations

Intra- and international risk-sharing in the short run and the long run

2005 • 90 citations

International investment positions: a cross-sectional analysis

2000 • 89 citations

Growth Volatility and Equity Market Liberalization

2002 • 84 citations

How does financial globalization affect risk sharing? Patterns and channels

2007 • 78 citations

Macroeconomic policies in the world economy

2004 • 68 citations

Characterizing Cross-Country Consumption Correlations

1998 • 47 citations

Consumption and Real Exchange Rates in Dynamic Exchange Economies with Nontraded Goods

1992 • 46 citations

The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7

2006 • 42 citations

How Does Financial Globalization Affect Risk Sharing? Patterns and Channels

2007 • 37 citations

Do international investment income flows smooth income?

2001 • 35 citations

Financial Integration and International Risk Sharing

2009 • 34 citations

Understanding the Evolution of World Business Cycles

2005 • 33 citations

The Home Bias and Capital Income Flows between Countries and Regions

2006 • 30 citations

International Business Cycles With Endogenous Incomplete Markets

2000 • 24 citations

The Economic Potential of a Larger Europe

2004 • 23 citations

The Home Bias and Capital Income Flows Between Countries and Regions

2007 • 22 citations

International risk sharing in Europe: has anything changed?

2004 • 18 citations

International and Intranational Consumption Risk Sharing: The Evidence for the United Kingdom and OECD

2006 • 9 citations

Financial Globalization, International Business Cycles, and Consumption Risk Sharing

2007 • 5 citations

Industrial specialization and the asymmetry of shocks across regions

1999 • 3 citations