Country Portfolio Dynamics /

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 incom...

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Autor principal: Sutherland, Alan
Altres autors: Devereux, Michael
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2007.
Col·lecció:IMF Working Papers; Working Paper ; No. 2007/283
Matèries:
Accés en línia:Full text available on IMF
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245 1 0 |a Country Portfolio Dynamics /  |c Alan Sutherland, Michael Devereux. 
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490 1 |a IMF Working Papers 
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520 3 |a 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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700 1 |a Devereux, Michael. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/283 
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