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The risky steady state

Pablo Winant, Helene Rey () and Nicolas Coeurdacier

Sciences Po publications from Sciences Po

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
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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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