The risky steady state

Nicolas Coeurdacier, Helene Rey and Pablo Winant

Working Papers from HAL

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
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-00972801v1
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Citations: View citations in EconPapers (88)

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Related works:
Working Paper: The Risky Steady-State (2012)
Journal Article: The Risky Steady State (2011)
Working Paper: The risky steady state (2011)
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