The Risky Steady-State

Helene Rey, Nicolas Coeurdacier and Pablo Winant

No 8751, CEPR Discussion Papers from Centre for Economic Policy Research

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 both stochastic income and stochastic interest rate.

Keywords: Steady; state (search for similar items in EconPapers)
JEL-codes: E10 F41 (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-dge and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP8751 (application/pdf)

Related works:
Journal Article: The Risky Steady State (2011)
Working Paper: The risky steady state (2011)
Working Paper: The risky steady state (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:8751

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP8751

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().