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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.
Year of publication:
2014
Authors: Rabitsch, Katrin ; Stepanchuk, Serhiy
Institutions: Institut für Volkswirtschaftslehre, Christian-Albrechts-Universität Kiel
Subject: Country Portfolios | Solution Methods
Extent:
application/pdf
Series:
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:
Persistent link: https://www.econbiz.de/10010958891
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