Monetary policy and portfolio choice in an open economy macro model
成果类型：
Article; Proceedings Paper
署名作者：
Devereux, Michael B.; Sutherland, Alan
署名单位：
University of British Columbia; University of St Andrews
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/jeea.2007.5.2-3.491
发表日期：
2007
页码：
491-499
关键词：
摘要：
This paper explores the role of monetary policy in an open economy in an environment of endogenous portfolio choice. The model is dimple enough to allow solutions for optimal portfolios to be derived analytically for a range of different asset market environments. We explore the impact of monetary policy on national bond and equity portfolios in environments where assets markets are either complete or incomplete.
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