The Risky Steady State
提出一种简单量化方法，对小开放经济体的风险稳态进行线性化，解决了确定性稳态下净外国资产位置不明确的问题，并允许收入和利率随机波动。
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.