Solving for Country Portfolios in Open Economy Macro Models

Devereux, Michael B

This paper presents a general approximation method for characterizing time-varying equilibrium portfolios in a two-country dynamic general equilibrium model. the method can be easily adapted to most dynamic general equilibrium models, it applies to environments in which markets are complete or incomplete, and it can be used for models of any dimension. Moreover, the approximation provides simple, easily interpretable closed form solutions for the dynamics of equilibrium portfolios

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Year of publication:	2007
Authors:	Devereux, Michael B.
Other Persons:	Sutherland, Alan (contributor) ; Devereux, Michael B. (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Offene Volkswirtschaft \| Open economy \| Internationaler Finanzmarkt \| International financial market \| Portfolio-Investition \| Foreign portfolio investment \| Allgemeines Gleichgewicht \| General equilibrium \| Kapitalbilanz \| Capital account \| Auslandsvermögen \| Foreign assets \| Theorie \| Theory

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Erscheint auch als (Druck-Ausgabe):

Devereux, Michael. Solving for Country Portfolios in Open Economy Macro Models. - Washington, D.C. : International Monetary Fund, 2007

Persistent link: https://www.econbiz.de/10014401064