EconPapers    
Economics at your fingertips  
 

The Risky Steady-State

Nicolas Coeurdacier, Helene Rey () and Pablo Winant

No 8751, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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)
New Economics Papers: this item is included in nep-dge and nep-mac
Date: 2012-01
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=8751 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: The Risky Steady State (2011) Downloads
Working Paper: The risky steady state (2011) Downloads
Working Paper: The risky steady state (2011) Downloads
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
http://www.cepr.org/ ... ers/dp.php?dpno=8751

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ..
Series data maintained by (). This e-mail address is bad, please contact .

 
Page updated 2017-09-29
Handle: RePEc:cpr:ceprdp:8751