The Risky Steady State
Nicolas Coeurdacier,
Helene Rey and
Pablo Winant
American Economic Review, 2011, vol. 101, issue 3, 398-401
Abstract:
We propose a simple quantitative method to linearize around the risky steady state of a small open economy. Unlike when the deterministic steady state is used, the net foreign asset position is well defined. We allow for stochastic income and stochastic interest rate.
Date: 2011
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Working Paper: The Risky Steady-State (2012) 
Working Paper: The risky steady state (2011) 
Working Paper: The risky steady state (2011) 
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