Eric van Wincoop

Working Papers

• A Theory of Net Capital Flows over the Global Financial Cycle with Scott Davis

Online Appendix

• A Theory of Capital Flow Retrenchment with Scott Davis

Online Appendix

• Dollar Shortages, CIP Deviations and the Safe Haven Role of the Dollar with Philippe Bacchetta and Scott Davis

Online Appendix

Publications

• International Portfolio Choice with Frictions: Evidence from Mutual Funds with Philippe Bacchetta and Simon Tieche

The Review of Financial Studies, Volume 36, Issue 10, October 2023, Pages 4233–4270, 

Online Appendix

• Infrequent Random Portfolio Decisions in an Open Economy Model with Philippe Bacchetta and Eric Young

Review of Economic Studies, 90(3), 1125-1154, 2023

• Can Sticky Portfolios Explain International Capital Flows and Asset Prices? with Philippe Bacchetta and Margaret Davenport

Journal of International Economics, 136, 2022

• Puzzling Exchange Rate Dynamics and Delayed Portfolio Adjustment with Philippe Bacchetta

Journal of International Economics, 131, July 2021

• Global Drivers of Gross and Net Capital Flows with Scott Davis and Giorgio Valente

Journal of International Economics, 128, January 2021

• A Decomposition of International Capital Flows with Gao Meng

IMF Economic Review, 68(2), 362-389, 2020

• Exchange Rate Disconnect and Private Information: what can we learn from Euro-Dollar Tweets? with Vahid Gholompour 

Journal of International Economics, 119, 111-132, 2019

• Globalization and the Increasing Correlation between Capital Inflows and Outflows with Scott Davis

Journal of Monetary Economics, 100, 83-100, 2018

• Self-Fulfilling Debt Crises: Can Monetary Policy Help? with Philippe Bacchetta and Elena Perazzi

Journal of International Economics, 110, 2018, 119-134

• The Great Recession: Divide between Integrated and less Integrated Countries with Guillermo Hausmann-Guil and Ghang Zhang

IMF Economic Review, 64(1), 134-176, 2016

• The Great Recession: A Self-fulfilling Global Panic with Philippe Bacchetta

American Economic Journal: Macroeconomics, 8(4), 177-198, 2016

• International Capital Flows under Dispersed Private Information with Cedric Tille

Journal of International Economics, 93(1), 31-49, 2014

• Solving DSGE Portfolio Choice Models with Dispersed Private Information with Cedric Tille

Journal of Economic Dynamics and Control, 40, 1-24, 2014

• On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals with Philippe Bacchetta

Journal of International Economics, 91(1), 18-26, 2013

• International Contagion Through Leveraged Financial Institutions

American Economic Journal: Macroeconomics, 5(3), 152-189, 2013

• Sudden Spikes in Global Risk with Philippe Bacchetta

Journal of International Economics, 89(2), 511-521, 2013

• Self-Fulfilling Risk Panics with Philippe Bacchetta and Cedric Tille

American Economic Review, 102(7), 3670-3700, 2012

• Gravity in International Finance with Yohei Okawa

Journal of International Economics, 87, 205-215, 2012

• Modeling Exchange Rates with Incomplete Information with Philippe Bacchetta

Handbook of Exchange Rates, 375-389, 2012

• Regulating Asset Price Risk with Philippe Bacchetta and Cedric Tille

American Economic Review, Papers and Proceedings, 101(3), 410-412, 2011

• Can Trade Costs in Goods Explain Home Bias in Assets with Frank Warnock

Journal of International Money and Finance, 29(6), 1108-1123, 2010

• International Capital Flows with Cedric Tille

Journal of International Economics, 80(2), 157-175, 2010

• Can Parameter Instability Explain the Meese-Rogoff Puzzle? with Philippe Bacchetta 

NBER International Seminar on Macroeconomics, 6(1), 125-173, 2010

• A New Perspective on the "New Rule" for the Current Account with Cedric Tille

Journal of International Economics, 80(1), 89-99, 2010

• Infrequent Portfolio Decisions: A Solution to the Forward Discount Puzzle with Philippe Bacchetta

American Economic Review, 100(3), 870-904, 2010

• Predictability in FX, Stock and Bond Markets: What Does Survey Data Tell Us? with Philippe Bacchetta and Elmar Mertens 

Journal of International Money and Finance, 28, 406-426, 2009

• Higher Order Expectations in Asset Pricing with Philippe Bacchetta 

Journal of Money, Credit and Banking, 40(5), 837-866, 2008

• Random Walk Expectations and the Forward Discount Puzzle with Philippe Bacchetta 

American Economic Review, Papers and Proceedings, May 2007

• Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle? with Philippe Bacchetta 

American Economic Review, 96(3), 552-576, 2006

• A Theory of the Currency Denomination of International Trade with Philippe Bacchetta 

Journal of International Economics, 67(2), 295-319, 2005

• Trade Costs with Jim Anderson 

Journal of Economic Literature, 42(3), 691-751, 2004

• A Scapegoat Model of Exchange Rate Fluctuations with Philippe Bacchetta 

American Economic Review, Papers and Proceedings, 114-118, May 2004

• Why do Consumer Prices React Less than Import Prices to Exchange Rates? with Philippe Bacchetta 

Journal of the European Economic Association, 1(2-3), 662-670, 2003

• Gravity with Gravitas with Jim Anderson 

American Economic Review, 93(1), 170-192, 2003

• Can Nontradables Generate Substantial Home Bias? with Paolo Pesenti 

Journal of Money, Credit and Banking, 34(1), 25-50, 2002

• Borders, Trade and Welfare with Jim Anderson 

Brookings Trade Forum 2001, 207-230

• National Money as a Barrier to International  Trade: The Real Case for Currency Union with Andy Rose 

American Economic Review, Papers and Proceedings, 91:2, 386-390, 2001

• Trade Flows, Prices, and the Exchange Rate Regime with Philippe Bacchetta 

Bank of Canada Conference Volume "Revisiting the Case for Flexible Exchange Rates," 2130231,2001

• Risksharing within the US: What Do Financial Markets and Fiscal Policy Accomplish? with Stefano Athanasoulis 

Review of Economics and Statistics, 83:4, 688-698, 2001

• Borders and Business Cycles with Todd Clark 

Journal of International Economics, 55, 59-85, 2001

• Intranational Macroeconomics co-edited with Gregory Hess 

Cambridge University Press, 2000

• Asia Crisis Post-Mortem: Where Did the Money Go and Did the United States Benefit?  with Kei-Mu Yi 

Economic Policy Review, 6:3, 51-70, 2000

• Does Exchange Rate Stability Increase Trade and Welfare? with Philippe Bacchetta 

American Economic Review, 90:5, 1093-1109, 2000

• Intranational versus International Saving-Investment Comovements 

in "Intranational Macroeconomics" edited by Gregory Hess and Eric van Wincoop, Cambridge University Press, 11-36, 2000

• Capital Flows to Emerging Markets: Liberalization, Overshooting and Volatility with Philippe Bacchetta 

in NBER conference volume "Capital Flows and the Emerging Economies," edited by Sebastian Edwards, 61-98, 2000

• Growth Uncertainty and Risksharing  

Journal of Monetary Economics, 45, 477-505, 2000

• A Method for Solving Multi-Region Models  

Economics Letters, 66(3), 333-336, 2000

• Trade in Nominal Assets and Net International Capital Flows  

Journal of International Money and Finance, 19(1), 55-72, 2000

• Do Borders Matter? Evidence from Japanese Regional Net Capital Flows  

International Economic Review, 41(1), 241-269, 2000

• Macro Markets and Financial Security  with Stefano Athanasoulis and Robert Shiller

Economic Policy Review, 5(1), 21-40, 1999

• How Big are Potential Gains from International Risksharing?  

Journal of International Economics, 47(1), 109-135, 1999

• A Multi-Country Real Business Cycle Model with Heterogeneous Agents  

Scandinavian Journal of Economics, 98(2), 233-251, 1996

• The Intertemporal Elasticity of Substitution: An Exploration using a Panel of State Data  

Economica, 63(251), 495-512, 1996

• Wages, Profits, and the International Portfolio Puzzle  

European Economic Review, 40, 219-254, 1996

• Regional Risksharing  

European Economic Review, 39, 1545-1567, 1995

• A Note on Short Term Intersectoral Factor Immobility 

Journal of Economic Dynamics and Control, 19, 845-856, 1995

• Welfare Gains from International Risksharing  

Journal of Monetary Economics, 34, 175-200, 1994

• Structural Adjustment and the Construction Sector  

European Economic Review, 37, 177-201, 1993

• Terms of Trade Uncertainty, Savings and the Production Structure  

Journal of International Economics, 33, 305-325, 1992