Solving for Country Portfolios in Open Economy Macro Models Michael B. Devereux

ISBN: 9786613820990

Published: December 1st 2007

ebook

29 pages


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Solving for Country Portfolios in Open Economy Macro Models  by  Michael B. Devereux

Solving for Country Portfolios in Open Economy Macro Models by Michael B. Devereux
December 1st 2007 | ebook | PDF, EPUB, FB2, DjVu, AUDIO, mp3, RTF | 29 pages | ISBN: 9786613820990 | 10.37 Mb

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 toMoreThis 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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