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 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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Year of publication:	[2008]
Authors:	Devereux, Michael B.
Other Persons:	Sutherland, Alan (contributor)
Publisher:	[2008]: [S.l.] : SSRN
Subject:	Portfolio-Investition \| Foreign portfolio investment \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Internationaler Finanzmarkt \| International financial market

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Extent:	1 Online-Ressource (29 p)
Series:	IMF Working Papers, Vol. , pp. 1-27, 2007
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2007 erstellt
Other identifiers:	10.2139/ssrn.1078788 [DOI]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; F41 - Open Economy Macroeconomics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012773142