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Macroeconomic Shocks and Portfolio Holdings over the French Business Cycle

Bricongne, Jean-Charles; Beaubrun-Diant, Kevin (2009-04), Macroeconomic Shocks and Portfolio Holdings over the French Business Cycle. https://basepub.dauphine.fr/handle/123456789/1848

Type
Document de travail / Working paper
Date
2009-04
Publisher
Université Paris-Dauphine
Published in
Paris
Pages
32
Metadata
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Author(s)
Bricongne, Jean-Charles
Beaubrun-Diant, Kevin
Abstract (EN)
The main contribution of this article is to provide a dynamic general equilibrium model of asset allocation for the French economy. We provide a theoretical explanation of the observed time variation in aggregate portfolio holdings and the occurrence of twin peaks in equity and house prices.
Subjects / Keywords
French Business Cycles; Asset Allocation, House Prices
JEL
G12 - Asset Pricing; Trading Volume; Bond Interest Rates
G11 - Portfolio Choice; Investment Decisions
E20 - General