| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14372 |
| 来源ID | Working Paper 14372 |
| Country Portfolios in Open Economy Macro Models | |
| Michael B. Devereux; Alan Sutherland | |
| 发表日期 | 2008-10-02 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper develops a simple approximation method for computing equilibrium portfolios in dynamic general equilibrium open economy macro models. The method is widely applicable, simple to implement, and gives analytical solutions for equilibrium portfolio positions in any combination or types of asset. 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. We first illustrate the approach using a simple two-asset endowment economy model, and then show how the results extend to the case of any number of assets and general economic structure. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w14372 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572047 |
| 推荐引用方式 GB/T 7714 | Michael B. Devereux,Alan Sutherland. Country Portfolios in Open Economy Macro Models. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14372.pdf（352KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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