Details about Karen Kay Lewis

Access statistics for papers by Karen Kay Lewis.

Last updated 2023-12-05. Update your information in the RePEc Author Service.

Short-id: ple1119

Working Papers

2024

1. Do Investor Differences Impact Monetary Policy Spillovers to Emerging Markets?
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Do Investor Differences Impact Monetary Policy Spillovers to Emerging Markets?∗
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2023

3. Who holds sovereign debt and why it matters
   BIS Working Papers, Bank for International Settlements View citations (8)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (15)

2022

4. How Can Asset Prices Value Exchange Rate Wedges?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   NBER Working Papers, National Bureau of Economic Research, Inc (2022)

2017

5. Disaster Risk and Asset Returns: An International Perspective
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (12)
   See also Journal Article Disaster risk and asset returns: An international perspective, Journal of International Economics, Elsevier (2017) View citations (9) (2017)
   Chapter Disaster Risk and Asset Returns: An International Perspective, NBER Chapters, National Bureau of Economic Research, Inc (2016) (2016)

2015

6. Do Foreign Firm Betas Change During Cross-listing?
   NBER Working Papers, National Bureau of Economic Research, Inc

2014

7. Differences of Opinion and International Equity Markets
   GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (5)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (12)
   See also Journal Article Differences of Opinion and International Equity Markets, The Review of Financial Studies, Society for Financial Studies (2017) View citations (21) (2017)
8. Equity Sales and Manager Efficiency Across Firms and the Business Cycle
   2014 Meeting Papers, Society for Economic Dynamics
   Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2011)

2012

9. Are the Gains from Foreign Diversification Diminishing? Assessing the Impact with Cross-listed Stocks
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2010)
10. International Consumption Risk Is Shared After All: An Asset Return View
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (15)

2011

11. Global Asset Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2011) View citations (39)
    See also Journal Article Global Asset Pricing, Annual Review of Financial Economics, Annual Reviews (2011) View citations (64) (2011)

2006

12. Is the International Diversification Potential Diminishing? Foreign Equity Inside and Outside the US
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (16)

1998

13. Explaining Home Bias in Equities and Consumption
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research View citations (2)
14. International Home Bias in International Finance and Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)

1997

15. Are Countries with Official International Restrictions "Liquidity Constrained?"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    See also Journal Article Are countries with official international restrictions 'liquidity constrained'?, European Economic Review, Elsevier (1997) View citations (28) (1997)

1996

16. Consumption, Stock Returns, and the Gains from International Risk-Sharing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1996) View citations (9)
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research (1996) View citations (10)
17. Does foreign exchange intervention signal future monetary policy?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (138)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (19)
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research (1992) View citations (6)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1993) View citations (17)
    See also Journal Article Does foreign exchange intervention signal future monetary policy?, Journal of Monetary Economics, Elsevier (1996) View citations (141) (1996)

1995

18. Stochastic Regime Switching and Stabilizing Policies within Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Stochastic Regime Switching and Stabilizing Policies within Regimes, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1996) View citations (1) (1996)
19. What Can Explain the Apparent Lack of International Consumption Risk Sharing?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article What Can Explain the Apparent Lack of International Consumption Risk Sharing?, Journal of Political Economy, University of Chicago Press (1996) View citations (303) (1996)

1994

20. Puzzles in International Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research (1994) View citations (19)
    See also Chapter Puzzles in international financial markets, Handbook of International Economics, Elsevier (1995) View citations (307) (1995)

1993

21. Are Foreign Exchange Intervention and Monetary Policy Related and Does it Really Matter
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (7)
    See also Journal Article Are Foreign Exchange Intervention and Monetary Policy Related, and Does It Really Matter?, The Journal of Business, University of Chicago Press (1995) View citations (99) (1995)
22. Do Expected Shifts in Inflation Affect Estimates of the Long-Run Fisher Relation?
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (25)
    See also Journal Article Do Expected Shifts in Inflation Affect Estimates of the Long-Run Fisher Relation?, Journal of Finance, American Finance Association (1995) View citations (185) (1995)
23. Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research View citations (8)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1993) View citations (4)
    See also Chapter Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2017) (2017)
    Journal Article Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?, The Review of Financial Studies, Society for Financial Studies (1995) View citations (115) (1995)
24. Trends in Expected Returns in Currency and Bond Markets
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research View citations (8)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1992) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) View citations (3)

1992

25. Do Expected Shifts in Inflation Policy Affect Real Rates?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1992) View citations (3)
26. Do Stationary Risk Premia Explain It All? Evidence from the Term Structure
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (5)
    See also Journal Article Do stationary risk premia explain it all?: Evidence from the term structure, Journal of Monetary Economics, Elsevier (1994) View citations (111) (1994)
27. Peso Problems and Heterogeneous Trading: Evidence From Excess Returns in Foreign Exchange and Euromarkets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1992) View citations (4)
28. Trends in Excess Returns in Currency and Bond Markets
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (1)
    See also Chapter Trends in Excess Returns in Currency and Bond Markets, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2017) View citations (1) (2017)
    Journal Article Trends in excess returns in currency and bond markets, European Economic Review, Elsevier (1993) View citations (18) (1993)

1991

29. Learning About Intervention Target Zones
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Learning about intervention target zones, Journal of International Economics, Elsevier (1993) View citations (30) (1993)
30. Should the Holding Period Matter for the Intertemporal Consumption-BasedCAPM?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Should the holding period matter for the intertemporal consumption-based CAPM?, Journal of Monetary Economics, Elsevier (1991) View citations (14) (1991)

1990

31. Do Stationary Risk Premia Explain It All? Evidence from the Term Struct
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
32. Occasional Interventions to Target Rates with a Foreign Exchange Application
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
33. Was There a "Peso Problem" in the U.S. Term Structure of Interest Rates:1979-1982?
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Was There a "Peso Problem" in the U.S. Term Structure of Interest Rates: 1979-1982?, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1991) View citations (9) (1991)
34. Why Doesn't Society Minimize Central Bank Secrecy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Why Doesn't Society Minimize Central Bank Secrecy?, Economic Inquiry, Western Economic Association International (1991) View citations (14) (1991)

Journal Articles

2017

1. Changing risk exposures of cross-listed firms and market integration
   Journal of International Money and Finance, 2017, 70, (C), 378-405 View citations (1)
2. Differences of Opinion and International Equity Markets
   The Review of Financial Studies, 2017, 30, (3), 750-800 View citations (21)
   See also Working Paper Differences of Opinion and International Equity Markets, GSIA Working Papers (2014) View citations (5) (2014)
3. Disaster risk and asset returns: An international perspective
   Journal of International Economics, 2017, 108, (S1), S42-S58 View citations (9)
   See also Chapter Disaster Risk and Asset Returns: An International Perspective, NBER Chapters, 2016 (2016) (2016)
   Working Paper Disaster Risk and Asset Returns: An International Perspective, International Finance Discussion Papers (2017) View citations (8) (2017)

2015

4. Evaluating international consumption risk sharing gains: An asset return view
   Journal of Monetary Economics, 2015, 71, (C), 84-98 View citations (51)

2012

5. Global stock market linkages reduce potential for diversification
   Economic Letter, 2012, 7, (2)

2011

6. Global Asset Pricing
   Annual Review of Financial Economics, 2011, 3, (1), 435-466 View citations (64)
   See also Working Paper Global Asset Pricing, NBER Working Papers (2011) View citations (63) (2011)

2000

7. Why do stocks and consumption imply such different gains from international risk sharing?
   Journal of International Economics, 2000, 52, (1), 1-35 View citations (104)

1999

8. Trying to Explain Home Bias in Equities and Consumption
   Journal of Economic Literature, 1999, 37, (2), 571-608 View citations (776)

1997

9. Are countries with official international restrictions 'liquidity constrained'?
   European Economic Review, 1997, 41, (6), 1079-1109 View citations (28)
   See also Working Paper Are Countries with Official International Restrictions "Liquidity Constrained?", NBER Working Papers (1997) View citations (25) (1997)

1996

10. Does foreign exchange intervention signal future monetary policy?
    Journal of Monetary Economics, 1996, 37, (2-3), 285-312 View citations (141)
    See also Working Paper Does foreign exchange intervention signal future monetary policy?, Working Papers (1996) View citations (138) (1996)
11. Stochastic Regime Switching and Stabilizing Policies within Regimes
    International Journal of Finance & Economics, 1996, 1, (2), 71-85 View citations (1)
    See also Working Paper Stochastic Regime Switching and Stabilizing Policies within Regimes, NBER Working Papers (1995) View citations (3) (1995)
12. What Can Explain the Apparent Lack of International Consumption Risk Sharing?
    Journal of Political Economy, 1996, 104, (2), 267-97 View citations (303)
    See also Working Paper What Can Explain the Apparent Lack of International Consumption Risk Sharing?, NBER Working Papers (1995) View citations (9) (1995)

1995

13. Are Foreign Exchange Intervention and Monetary Policy Related, and Does It Really Matter?
    The Journal of Business, 1995, 68, (2), 185-214 View citations (99)
    See also Working Paper Are Foreign Exchange Intervention and Monetary Policy Related and Does it Really Matter, Weiss Center Working Papers (1993) View citations (7) (1993)
14. Do Expected Shifts in Inflation Affect Estimates of the Long-Run Fisher Relation?
    Journal of Finance, 1995, 50, (1), 225-53 View citations (185)
    See also Working Paper Do Expected Shifts in Inflation Affect Estimates of the Long-Run Fisher Relation?, Working Papers (1993) View citations (25) (1993)
15. Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?
    The Review of Financial Studies, 1995, 8, (3), 709-42 View citations (115)
    See also Chapter Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?, World Scientific Book Chapters, 2017, 59-99 (2017) (2017)
    Working Paper Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?, Weiss Center Working Papers (1993) View citations (8) (1993)
16. Occasional Interventions to Target Rates
    American Economic Review, 1995, 85, (4), 691-715 View citations (41)

1994

17. Do stationary risk premia explain it all?: Evidence from the term structure
    Journal of Monetary Economics, 1994, 33, (2), 285-318 View citations (111)
    See also Working Paper Do Stationary Risk Premia Explain It All? Evidence from the Term Structure, Working Papers (1992) View citations (5) (1992)

1993

18. Learning about intervention target zones
    Journal of International Economics, 1993, 35, (3-4), 275-295 View citations (30)
    See also Working Paper Learning About Intervention Target Zones, NBER Working Papers (1991) View citations (11) (1991)
19. Trends in excess returns in currency and bond markets
    European Economic Review, 1993, 37, (5), 1005-1019 View citations (18)
    See also Chapter Trends in Excess Returns in Currency and Bond Markets, World Scientific Book Chapters, 2017, 39-57 (2017) View citations (1) (2017)
    Working Paper Trends in Excess Returns in Currency and Bond Markets, Working Papers (1992) View citations (1) (1992)

1991

20. An empirical exploration of exchange-rate target-zones a comment
    Carnegie-Rochester Conference Series on Public Policy, 1991, 35, (1), 67-77 View citations (5)
21. Should the holding period matter for the intertemporal consumption-based CAPM?
    Journal of Monetary Economics, 1991, 28, (3), 365-389 View citations (14)
    See also Working Paper Should the Holding Period Matter for the Intertemporal Consumption-BasedCAPM?, NBER Working Papers (1991) View citations (12) (1991)
22. Was There a "Peso Problem" in the U.S. Term Structure of Interest Rates: 1979-1982?
    International Economic Review, 1991, 32, (1), 159-73 View citations (9)
    See also Working Paper Was There a "Peso Problem" in the U.S. Term Structure of Interest Rates:1979-1982?, NBER Working Papers (1990) (1990)
23. Why Doesn't Society Minimize Central Bank Secrecy?
    Economic Inquiry, 1991, 29, (3), 403-15 View citations (14)
    See also Working Paper Why Doesn't Society Minimize Central Bank Secrecy?, NBER Working Papers (1990) View citations (1) (1990)

1990

24. The Behavior of Eurocurrency Returns across Different Holding Periods and Monetary Regimes
    Journal of Finance, 1990, 45, (4), 1211-36 View citations (15)

1989

25. Can learning affect exchange-rate behavior?: The case of the dollar in the early 1980's
    Journal of Monetary Economics, 1989, 23, (1), 79-100 View citations (32)
26. Changing Beliefs and Systematic Rational Forecast Errors with Evidence from Foreign Exchange
    American Economic Review, 1989, 79, (4), 621-36 View citations (145)
27. On occasional monetary policy coordinations that fix the exchange rate
    Journal of International Economics, 1989, 26, (1-2), 139-155 View citations (4)

1988

28. Inflation risk and asset market disturbances: The mean-variance model revisited
    Journal of International Money and Finance, 1988, 7, (3), 273-288 View citations (11)
29. Testing the portfolio balance model: A multi-lateral approach
    Journal of International Economics, 1988, 24, (1-2), 109-127 View citations (21)
30. The persistence of the `peso problem' when policy is noisy
    Journal of International Money and Finance, 1988, 7, (1), 5-21 View citations (19)

Chapters

2017

1. Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?
   Chapter 3 in Studies in Foreign Exchange Economics, 2017, pp 59-99
   See also Working Paper Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?, Wharton School - Weiss Center for International Financial Research (1993) View citations (8) (1993)
   Journal Article Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?, Society for Financial Studies (1995) View citations (115) (1995)
2. Trends in Excess Returns in Currency and Bond Markets
   Chapter 2 in Studies in Foreign Exchange Economics, 2017, pp 39-57 View citations (1)
   See also Working Paper Trends in Excess Returns in Currency and Bond Markets, New York University, Leonard N. Stern School of Business, Department of Economics (1992) View citations (1) (1992)
   Journal Article Trends in excess returns in currency and bond markets, Elsevier (1993) View citations (18) (1993)

2016

3. Disaster Risk and Asset Returns: An International Perspective
   A chapter in NBER International Seminar on Macroeconomics 2016, 2016
   See also Working Paper Disaster Risk and Asset Returns: An International Perspective, Board of Governors of the Federal Reserve System (U.S.) (2017) View citations (8) (2017)
   Journal Article Disaster risk and asset returns: An international perspective, Elsevier (2017) View citations (9) (2017)

1995

4. Puzzles in international financial markets
   Chapter 37 in Handbook of International Economics, 1995, vol. 3, pp 1913-1971 View citations (307)
   See also Working Paper Puzzles in International Financial Markets, National Bureau of Economic Research, Inc (1994) View citations (20) (1994)