Channels of US monetary policy spillovers to international bond markets
We show significant US monetary policy (MP) spillovers to international bond markets. Our
methodology identifies US MP shocks as the change in short-term Treasury yields around …
methodology identifies US MP shocks as the change in short-term Treasury yields around …
Trade wars and asset prices
G Carlomagno, E Albagli - Journal of International Money and Finance, 2022 - Elsevier
We study the effects of the trade war between the US and China since 2018 on international
asset markets, including bonds, stocks, and exchange rates for a sample of 36 developed …
asset markets, including bonds, stocks, and exchange rates for a sample of 36 developed …
Investment horizons and asset prices under asymmetric information
E Albagli - Journal of Economic Theory, 2015 - Elsevier
I study a financial market with a generalized overlapping generations structure. Investors live
for an arbitrary number of periods, and are asymmetrically informed about future dividends …
for an arbitrary number of periods, and are asymmetrically informed about future dividends …
[PDF][PDF] Errores de proyección en perspectiva
E Albagli, G Contreras, P García, I Magendzo… - Documento de …, 2003 - academia.edu
Este trabajo examina las proyecciones de actividad e inflación realizadas en los Informe de
Política Monetaria (IPoM) del Banco Central de Chile y las compara con proyecciones …
Política Monetaria (IPoM) del Banco Central de Chile y las compara con proyecciones …
[PDF][PDF] By how much and why do inflation targeters miss their targets?
E Albagli, K Schmidt-Hebbel - Conference on Monetary Policy and …, 2003 - researchgate.net
Monetary policy success hinges on consistent central bank behavior and strong private-sector
credibility. Since the early 1990s, increasing numbers of central banks are aiming at …
credibility. Since the early 1990s, increasing numbers of central banks are aiming at …
A theory of asset pricing based on heterogeneous information
E Albagli, C Hellwig, A Tsyvinski - 2011 - nber.org
We propose a theory of asset prices that emphasizes heterogeneous information as the
main element determining prices of different securities. Our main analytical innovation is in …
main element determining prices of different securities. Our main analytical innovation is in …
Dynamic dispersed information and the credit spread puzzle
E Albagli, C Hellwig, A Tsyvinski - 2014 - nber.org
We develop a dynamic nonlinear, noisy REE model of credit risk pricing under dispersed
information that can theoretically and quantitatively account for the credit spread puzzle. The …
information that can theoretically and quantitatively account for the credit spread puzzle. The …
Evaluación de la flexibilidad del mercado laboral chileno desde una perspectiva internacional
E Albagli, P García Silva… - Economía chilena, vol …, 2004 - repositoriodigital.bcentral.cl
En este artículo clasificamos a Chile en términos de la flexibilidad de su mercado laboral
entre economías con distintos grados de desarrollo, incluyendo países emergentes y …
entre economías con distintos grados de desarrollo, incluyendo países emergentes y …
Labor market flows: evidence from Chile using micro data from administrative tax records
E Albagli, A Chovar, E Luttini, C Madeira, A Naudon… - 2017 - ideas.repec.org
Using administrative tax records for all formal Chilean firms and employees, we compute
and characterize several labor flow measures. Our results show that labor mobility in Chile is …
and characterize several labor flow measures. Our results show that labor mobility in Chile is …
A theory of asset prices based on heterogeneous information
E Albagli, A Tsyvinski, C Hellwig - AFA 2013 San Diego Meetings …, 2012 - papers.ssrn.com
We propose a theory of asset prices that emphasizes heterogeneous information as the
main element determining prices of different securities. Our main analytical innovation is in …
main element determining prices of different securities. Our main analytical innovation is in …