Hi, everyone!
I'm trying to replicate the results the paper "Leverage constraints and the internaional transmission of shocks" (1) by Michael B Devereux and James Yetman, while they use the solution of another essay "Country portfolios in open economy macro models"(2). Problems are:
1.How to get R1 R2 D1 D2 of page35 of paper (2).
2.I just take a log-linear approximation of the model in paper(1), but I am not sure dNFA=NFA(t)/Ci ??, Ci refers to the steady state of consumption of investors in home country.
I would appreciate any help on this matter. Thanks!!
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problems of portfolios choice in an open economy
by lssp » Mon Sep 22, 2014 4:29 am
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- paper2.pdf
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- paper1.pdf
- "Leverage constraints and the internaional transmission of shocks"
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- lssp
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Re: problems of portfolios choice in an open economy
by federico » Sat Nov 01, 2014 9:59 am
Look at the web page of alan sutherland .
you can find the replication code you need.
maybe it can help
http://www.st-andrews.ac.uk/~ajs10/home.html
you can find the replication code you need.
maybe it can help
http://www.st-andrews.ac.uk/~ajs10/home.html
- federico
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Re: problems of portfolios choice in an open economy
by care2016 » Fri Nov 11, 2016 5:17 pm
Have you solved this problem now?
- care2016
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