The risky steady state

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.

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Additional Info

Field Value
Source https://sciencespo.hal.science/hal-00972801
Author Coeurdacier, Nicolas, Rey, Hélène, Winant, Pablo
Maintainer CCSD
Last Updated May 5, 2026, 17:02 (UTC)
Created May 5, 2026, 17:02 (UTC)
Identifier hal-00972801
Language en
Rights https://about.hal.science/hal-authorisation-v1/
contributor Département d'économie (Sciences Po) (ECON) ; Sciences Po (Sciences Po)-Centre National de la Recherche Scientifique (CNRS)
creator Coeurdacier, Nicolas
date 2011-05-05T00:00:00
harvest_object_id dbdae9ed-95d1-4d27-a83f-bfa7bd5b64cb
harvest_source_id 3374d638-d20b-4672-ba96-a23232d55657
harvest_source_title test moissonnage SELUNE
metadata_modified 2026-01-21T00:00:00
relation info:eu-repo/semantics/altIdentifier/hdl/2441/c8dmi8nm4pdjkuc9g704ld0h3
set_spec type:UNDEFINED