A two-period model with portfolio choice: Understanding results from different solution methods

Katrin Rabitsch and Serhiy Stepanchuk

Economics Letters, 2014, vol. 124, issue 2, 239-242

Abstract: Using a stylized two-period model we compare portfolio solutions from two local solution approaches–the approach of Judd and Guu (2001) and the approach of Devereux and Sutherland (2010, 2011)–with the true nonlinear portfolio solution.

Keywords: Country portfolios; Solution methods; Size of uncertainty (search for similar items in EconPapers)
JEL-codes: E44 F41 G11 G15 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:124:y:2014:i:2:p:239-242

DOI: 10.1016/j.econlet.2014.05.028

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