COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO‐MODELS

By Michael B. Devereux, Alan Sutherland. 2011

318 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/6914d16c4927f0e80524420e88ad971949250cbe

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. G. Lombardo
2. Luca Dedola
3. P. Karadi
4. Bořek Vašíček
5. Jaromír Baxa
6. Michel Juillard
7. Jean Imbs
8. R. Horvath

In Finance

1. G. Lombardo
2. Luca Dedola
3. P. Karadi
4. Bořek Vašíček
5. Jaromír Baxa
6. Michel Juillard
7. Jean Imbs
8. R. Horvath

Citations in the corpus

• The First Global Recession in Decades (2010, methodology): “The recent methodologies developed by Devereux and Sutherland (2009) and Tille and Van Wincoop (2008) lend themselves to such general equilibrium analyses.”
• Time-varying monetary-policy rules and financial stress: Does financial instability matter for monetary policy? (2011, background): “…balance sheets in the banking sector (Choi and Cook, 2004), portfolio choice issue with complete (Engel or Matsumoto, 2009) or incomplete markets (Devereux and Sutherland, 2007) or collateral constraints (Iacovello and Neri, 2010).2 A few studies focus more specifically on the relationship…”
• Global implications of national unconventional policies (2013, background): “Asset prices slightly increase on impact reflecting this different dynamics in investment growth (see equation (10)).”
• The International Diversification Puzzle When Goods Prices are Sticky: It's Really about Exchange-Rate Hedging, Not Equity Portfolios (2009, unknown): “Devereux and Sutherland (2008) examine a similar model, with a focus on the role of changes in valuation for the international distribution of wealth.”
• Financial Globalization and Monetary Policy (2007, unknown): “b rx;2;t+1 = b t+1 + (1 ) b Z E;t+1 Et b t+1 + (1 ) b Z E;t+1 + b P t+1 b P t Et b P t+1 b P t (29) b rx;3;t+1 = b St+1 Et b St+1 (30) To compute b ZE;t, we use (6) and (7) applied to the pricing of home equity.”
• Financial Frictions, Financial Integration and the International Propagation of Shocks (2011, unknown): “However, following the perturbation approach of Devereux and Sutherland (2008) and Judd and Guu (2001), we can take a second order approximation of the di erence of the two nonlinear rst order conditions,”
• Valuation Effects and the Dynamics of Net External Assets (2009, unknown): “Thus, r̂(1)x,t+1 will be a linear function of εK,t and εL,t and their foreign counterparts.”
• A method for solving general equilibrium models with incomplete markets and many financial assets (2012, unknown): “Third, we compare the accuracy of our method with the third-order approach proposed in Devereux and Sutherland (2010) and Tille and van Wincoop (2010).”
• The Valuation Channel of External Adjustment (2009, unknown): “a continuum of monopolistically competitive firms on [0, 1 ], each producing a differentiated good.”
• Local approximation of DSGE models around the risky steady state (2011, methodology): “1 A simple two-assset endowment model Let’s consider the first simple illustrative model used in Devereux and Sutherland (2011)(4).”