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The risky steady state

Nicolas Coeurdacier (), Helene Rey () and Pablo Winant
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Nicolas Coeurdacier: ECON - Département d'économie - Sciences Po

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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://hal-sciencespo.archives-ouvertes.fr/hal-00972801
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Related works:
Working Paper: The Risky Steady-State (2012) Downloads
Journal Article: The Risky Steady State (2011) Downloads
Working Paper: The risky steady state (2011) Downloads
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