A Two-Period Model with Portfolio Choice: Understanding Results from Different Solution Methods

Katrin Rabitsch and Serhiy Stepanchuk

No 6, FinMaP-Working Papers from Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents

Abstract: Using a stylized two-period model we compare portfolio solutions from two local solution approaches - the approach of Judd and Guu (2001) and the approach of Devereux and Sutherland (2010, 2011) - with the true nonlinear portfolio solution.

Keywords: Country Portfolios; Solution Methods (search for similar items in EconPapers)
JEL-codes: E44 F41 G11 G15 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: A two-period model with portfolio choice: Understanding results from different solution methods (2014)
Working Paper: A Two Period Model with Portfolio Choice: Understanding Results from Different Solution Methods (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fmpwps:6

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