International capital flows, external assets and output volatility 1 1 Mathias Hoffmann: Deutsche Bundesbank, Economic Research, 60431 Frankfurt, Germany. E-mail: mathias.hoffmann@bundesbank.de. Michael Krause: University of Cologne, Center for Macroeconomic Research, Albertus Magnus Platz, 50923 Köln, Germany. E-mail: michael.krause@wiso.uni-koeln.de. Peter Tillmann: Justus-Liebig-University Giessen, Licher Str. 66, 35394 Giessen, Germany. E-mail: peter.tillmann@wirtschaft.uni-giessen.de. The views expressed in this paper are those of the authors but not necessarily those of the Bundesbank. We are grateful to an anonymous referee of this journal for helpful comments. We thank Richard Clarida, Zeno Enders, Ippei Fujiwara, Fabio Ghironi, Philipp Harms, Eric Leeper, Giovanni Lombardo, Gernot Müller, Cédric Tille, Mathias Trabandt, and participants of the Joint Lunch Time Seminar of the Bundesbank, CFS and ECB 2013, the Joint Research Seminar of the Bundesbank, OeNB and SNB 2013, Theories and Methods in Macroeconomics, University of Lausanne 2014, Joint Macro Workshop Banque de France – Bundesbank 2014, the CEPR and SNB Conference on Exchange Rates and External Adjustment 2014, Society of Computational Economics, Oslo, 2014, International Trade and Macroeconomics Workshop 2014, Keio University 2017, 3rd International Macroeconomics and Finance Conference 2018 at Keio University and DIW Seminar 2018.
Titel:
International capital flows, external assets and output volatility 1 1 Mathias Hoffmann: Deutsche Bundesbank, Economic Research, 60431 Frankfurt, Germany. E-mail: mathias.hoffmann@bundesbank.de. Michael Krause: University of Cologne, Center for Macroeconomic Research, Albertus Magnus Platz, 50923 Köln, Germany. E-mail: michael.krause@wiso.uni-koeln.de. Peter Tillmann: Justus-Liebig-University Giessen, Licher Str. 66, 35394 Giessen, Germany. E-mail: peter.tillmann@wirtschaft.uni-giessen.de. The views expressed in this paper are those of the authors but not necessarily those of the Bundesbank. We are grateful to an anonymous referee of this journal for helpful comments. We thank Richard Clarida, Zeno Enders, Ippei Fujiwara, Fabio Ghironi, Philipp Harms, Eric Leeper, Giovanni Lombardo, Gernot Müller, Cédric Tille, Mathias Trabandt, and participants of the Joint Lunch Time Seminar of the Bundesbank, CFS and ECB 2013, the Joint Research Seminar of the Bundesbank, OeNB and SNB 2013, Theories and Methods in Macroeconomics, University of Lausanne 2014, Joint Macro Workshop Banque de France – Bundesbank 2014, the CEPR and SNB Conference on Exchange Rates and External Adjustment 2014, Society of Computational Economics, Oslo, 2014, International Trade and Macroeconomics Workshop 2014, Keio University 2017, 3rd International Macroeconomics and Finance Conference 2018 at Keio University and DIW Seminar 2018.
Auteur:
Hoffmann, Mathias Krause, Michael U. Tillmann, Peter