Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely:  develop an overlapping generations model with re-tradeable paper assets and capital accumulation to analyze the interaction beten the real economy and an international asset market. The world consists of two homogeneous countries, which differ only in their initial levels of capital. Consumers who live for two periods transfer alth over time and across countries by holding international mutual funds which pay stochastic dividends. The optimal portfolio decisions of consumers do not necessarily induce convergence of incomes beten the two countries. Moreover, interaction through the asset market induces endogenous fluctuation of capital flows beten the rich and the poor country.
['Tomoo Kikuchi']
I am writing a research paper on a idea International asset market, nonconvergence, and endogenous fluctuations
[{"from": "human", "value": "I am writing a research paper on a idea International asset market, nonconvergence, and endogenous fluctuations"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely:  develop an overlapping generations model with re-tradeable paper assets and capital accumulation to analyze the interaction beten the real economy and an international asset market. The world consists of two homogeneous countries, which differ only in their initial levels of capital. Consumers who live for two periods transfer alth over time and across countries by holding international mutual funds which pay stochastic dividends. The optimal portfolio decisions of consumers do not necessarily induce convergence of incomes beten the two countries. Moreover, interaction through the asset market induces endogenous fluctuation of capital flows beten the rich and the poor country."}]