Akito MATSUMOTO

Akito Matsumoto

Economist
Financial Studies Division
Research Department
International Monetary Fund
700 19th St. NW,
Washington, DC 20431
E-mail:
Phone: (202) 623-4312 (Office)

Fields of Interest

Open Economy Macroeconomics
Monetary Economics
International Finance

Education:

University of Wisconsin - Madison (1999-2004)
Ph.D. in Economics, May 2004.
MS in Economics, December 2000.
The University of Tokyo, Tokyo, Japan (1989-1994)
Bachelor of Law, March 1994.

Working Papers :
IDEAs Page

"International Risk Sharing During the Globalization Era" with Robert Flood and Nancy Marion (Under Review)

“International Risk Sharing: Through Equity Diversification or Exchange-Rate Hedging?” with Charles Engel.

"New Shocks, Exchange Rates and Equity Prices" with Pietro Cova, Massimiliano Pisani, and Alessandro Rebucci.

"The Role of Nonseparable Utility and Nontradeables in International Business Cycle and Portfolio Choice"
IMF working paper 07/163 (UNDER REVISION)

"Real Exchange Rate Persistence and Systematic Monetary Policy Behaviour", with Jan J.J. Groen,
Bank of England, WORKING PAPER NO 231, Oct. 2004

Publication :

"The International Diversification Puzzle when Goods Prices are Sticky: It’s Really about Exchange-Rate Hedging, not Equity Portfolios", with Charles Engel
forthcoming in American Economic Journal: Macroeconomics

Older Versions:
NBER Working Paper # 12214: "Portfolio Choice in a Monetary Open-Economy DSGE Model" ,
IMF working paper version

Earlier drafts of this paper were circulated under the title “Home Bias in Equities under New Open Economy Macroeconomics”
and “Portfolio Choice and Home Bias in Equities in a Monetary Open-Economy DSGE Model.”