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Article(electronic)#2May 1994
On Perfect Foresight Models of a Stochastic World
In: The Economic Journal, Volume 104, Issue 424, p. 477
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Article(electronic)#3January 2006
How do students finance human capital accumulation?
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Volume 28, Issue 1, p. 39-51
ISSN: 0161-8938
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Article(print)#42006
How do students finance human capital accumulation?
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Volume 28, Issue 1, p. 39-52
ISSN: 0161-8938
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Article(electronic)#5January 1, 2001
Non‐Expected Utility, Saving and Portfolios
In: The economic journal: the journal of the Royal Economic Society, Volume 111, Issue 468, p. 69-102
ISSN: 1468-0297
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Article(electronic)#6December 2000
Consumption Smoothing and Financial Integration in the European Union
In: The Manchester School, Volume 68, Issue 6, p. 637-658
ISSN: 1467-9957
In this paper we explore the likely implications of financial integration for intertemporal consumption smoothing in member countries. We uncover an intriguing pattern of excess sensitivity of consumption to current income in EU countries prior to integration using two procedures which handle most known time series estimation problems. We then relate this pattern to characteristics of banking sectors, using nonparametric tests which control for several such characteristics, and discuss likely implications of removing impediments to entry of foreign banks. Although conclusions about convergence following financial integration are less optimistic than previously thought, they also point to the need for broad financial integration.
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Article(electronic)#7January 2021
Participation following sudden access
In: Journal of monetary economics, Volume 117, p. 671-688
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Article(electronic)#82020
Participation Following Sudden Access
In: Journal of Monetary Economics, Forthcoming
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Article(electronic)#102015
Does Product Familiarity Matter for Participation?
In: Netspar Discussion Paper No. 05/2015-027
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Article(electronic)#11June 1997
Precautionary portfolio behavior from a life-cycle perspective
In: Journal of economic dynamics & control, Volume 21, Issue 8-9, p. 1511-1542
ISSN: 0165-1889
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Article(electronic)#12September 1995
Why do so Few Hold Stocks?
In: The Economic Journal, Volume 105, Issue 432, p. 1110
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Article(electronic)#131993
Progressivity of Capital Gains Taxation with Optimal Portfolio Selection
In: NBER Working Paper No. w4253
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Book(print)#142001
Portfolio choice and liquidity constraints
In: Discussion paper series 2822
In: Financial economics
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