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
Publisher:	Kiel : Kiel University, FinMaP - Financial Distortions and Macroeconomic Performance
Subject:	Country Portfolios \| Solution Methods

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Series:	FinMaP-Working Paper ; 6
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	79736515X [GVK] hdl:10419/102269 [Handle] RePEc:zbw:fmpwps:6 [RePEc]
Classification:	E44 - Financial Markets and the Macroeconomy ; F41 - Open Economy Macroeconomics ; G11 - Portfolio Choice ; G15 - International Financial Markets
Source:	EconStor

Persistent link: https://www.econbiz.de/10010398692