The risky steady state
Helene Rey () and
Sciences Po publications from Sciences Po
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.
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (26) Track citations by RSS feed
Downloads: (external link)
http://spire.sciencespo.fr/hdl:/2441/c8dmi8nm4pdjk ... /resources/rssnc.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
Working Paper: The Risky Steady-State (2012)
Journal Article: 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)
Persistent link: https://EconPapers.repec.org/RePEc:spo:wpmain:info:hdl:2441/c8dmi8nm4pdjkuc9g704ld0h3
Access Statistics for this paper
More papers in Sciences Po publications from Sciences Po Contact information at EDIRC.
Series data maintained by Spire @ Sciences Po Library ().