Fiche du document
2011
- handle: 10670/1.jib5ns
- hal: hal-00972801
- SCIENCESPO: 2441/c8dmi8nm4pdjkuc9g704ld0h3
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/hdl/2441/c8dmi8nm4pdjkuc9g704ld0h3
info:eu-repo/semantics/OpenAccess
Sujets proches
Interest and usury Fortunes Household income Personal income Family income Funds Funding Finance, commerce, confiscations, etcCiter ce document
Nicolas Coeurdacier et al., « The risky steady state », Archive ouverte de Sciences Po (SPIRE), ID : 10670/1.jib5ns
Métriques
Partage / Export
Résumé
We propose a simple quantitative method to linearize around the risky steady state of a small open economy. Unlike when the deterministic steady state is used, the net foreign asset position is well defined. We allow for stochastic income and stochastic interest rate.