Image Department of Finance, LSE Assistant Professor of Finance Email W.D.Ray@lse.ac.uk Walker Ray Finance Faculty Research Interests Macroeconomics, International Finance LSE Finance Webpage
Discussion Papers A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers We develop a two-country model in which currency and bond markets are populated by different investor clienteles, and segmentation is partly overcome... April 2023 DP 869 Pierre-Olivier Gourinchas Walker Ray Dimitri Vayanos