Monetary Policy and Portfolio Choice in an Open Economy Macro Model
Monetary Policy and Portfolio Choice in an Open Economy Macro Model
复制标题
开放经济宏观模型中的货币政策和投资组合选择
DOI：
10.1162/jeea.2007.5.2-3.491
复制
发表时间：
2007
影响因子：
3.6
通讯作者：
Devereux M
中科院分区：
文献类型：
--
作者：
Devereux M
This paper explores the role of monetary policy in an open economy in an environment of endogenous portfolio choice. The model is simple 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.
