The risky steady state - Sciences Po Access content directly
Preprints, Working Papers, ... Year : 2011

The risky steady state

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.
Fichier principal
Vignette du fichier
rssnc.pdf (102.36 Ko) Télécharger le fichier
Origin : Files produced by the author(s)
Loading...

Dates and versions

hal-00972801 , version 1 (03-04-2014)

Identifiers

Cite

Nicolas Coeurdacier, Hélène Rey, Pablo Winant. The risky steady state. 2011. ⟨hal-00972801⟩
200 View
901 Download

Share

Gmail Facebook X LinkedIn More