| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5945 |
| DP5945 The Phillips Curve Under State-Dependent Pricing | |
| Hasan Bakhshi; Hashmat Khan; Barbara Rudolf | |
| 发表日期 | 2006-11-26 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | Open economy macroeconomics typically abstracts from portfolio structure. But the recent experience of financial globalization makes it important to understand the determinants and composition of gross country portfolios. This paper presents a simple approximation method for computing equilibrium financial portfolios in stochastic open economy macro models. The method is widely applicable, easy to implement, and delivers analytical solutions for optimal gross portfolio positions in any combination of types of assets. It can be used in models with any number of assets, whether markets are complete or incomplete, and can be applied to stochastic dynamic general equilibrium models of any dimension, so long as the model is amenable to a solution using standard approximation methods. |
| 主题 | International Macroeconomics |
| 关键词 | Country profiles Solution methods |
| URL | https://cepr.org/publications/dp5945 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534790 |
| 推荐引用方式 GB/T 7714 | Hasan Bakhshi,Hashmat Khan,Barbara Rudolf. DP5945 The Phillips Curve Under State-Dependent Pricing. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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