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

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.

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Year of publication:	2014
Authors:	Rabitsch, Katrin ; Stepanchuk, Serhiy
Institutions:	Institut für Volkswirtschaftslehre, Christian-Albrechts-Universität Kiel
Subject:	Country Portfolios \| Solution Methods

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Extent:	application/pdf
Series:	FinMaP-Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 6
Classification:	E44 - Financial Markets and the Macroeconomy ; F41 - Open Economy Macroeconomics ; G11 - Portfolio Choice ; G15 - International Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010958891