A two-period model with portfolio choice: Understanding results from different solution methods

Using a stylized two-period model we compare portfolio solutions from two local solution approaches - the approach of Judd and Guu (2001) and the approach of Devereux and Sutherland (2010, 2011) - with the true nonlinear portfolio solution. (C) 2014 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/).


Publié dans:
Economics Letters, 124, 2, 239-242
Année
2014
Publisher:
Elsevier
ISSN:
0165-1765
Mots-clefs:
Laboratoires:




 Notice créée le 2014-10-30, modifiée le 2019-06-17

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