P
Pierre-Olivier Gourinchas
Researcher at University of California, Berkeley
Publications - 138
Citations - 12667
Pierre-Olivier Gourinchas is an academic researcher from University of California, Berkeley. The author has contributed to research in topics: Exchange rate & Currency. The author has an hindex of 46, co-authored 134 publications receiving 11680 citations. Previous affiliations of Pierre-Olivier Gourinchas include Economic Policy Institute & Princeton University.
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Consumption Over the Life Cycle
TL;DR: In this paper, a structural model of optimal life-cycle consumption expenditures in the presence of realistic labor income uncertainty is proposed. But the model is not suitable for the general population.
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Consumption Over the Life Cycle
TL;DR: The authors employed cohort technique and consumer expenditure survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups, using these profiles, they estimate a structural model of optimal life-cycle consumption expenditures in the presence of realistic labour income uncertainty.
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Stories of the Twentieth Century for the Twenty-First
TL;DR: A discrete-choice panel analysis using 1973-2010 data suggests that domestic credit expansion and real currency appreciation have been the most robust and significant predictors of financial crises, regardless of whether a country is emerging or advanced as discussed by the authors.
Journal ArticleDOI
An Equilibrium Model of "Global Imbalances" and Low Interest Rates
TL;DR: The authors rationalizes these facts as an equilibrium outcome when different regions of the world differ in their capacity to generate financial assets from real investments, and extends the basic model generate exchange rate and foreign direct investment excess returns broadly consistent with the recent trends in these variables.
Posted Content
Consumption Over the Life Cycle
TL;DR: This paper employed cohort technique and consumer expenditure survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups, using these profiles, they estimate a structural model of optimal life-cycle consumption expenditures in the presence of realistic labour income uncertainty.