A Rational Expectations Macro-econometric Model of Pakistan's Monetary Policy since 1970s
نویسندگان
چکیده
منابع مشابه
An Analysis of a Macro-Econometric Model with Rational Expectations in the Bond and Stock Markets
The difficulty of accounting for expectational effects in macro-economic models is well known. The standard procedure in dealing with this problem in the construction of large-scale macro-econometric models is to use current and lagged values as “proxies” for expected future values. An alternative procedure is to assume that expectations are rational. Although the assumption of rational expecta...
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ژورنال
عنوان ژورنال: The Pakistan Development Review
سال: 1987
ISSN: 0030-9729
DOI: 10.30541/v26i4pp.513-527