A Forward-Looking Macroeconomic Simulation Model for a Developing Country [electronic resource]
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TextSeries: IMF Working Papers; Working Paper ; No. 89/53Publication details: Washington, D.C. : International Monetary Fund, 1989Description: 1 online resource (48 p.)ISBN: 1451969848 :ISSN: 1018-5941Subject(s): Exchange Rate | Foreign Exchange | Money Supply | Nominal Interest Rate | Real Interest Rates | Brazil | Colombia | MexicoAdditional physical formats: Print Version:: A Forward-Looking Macroeconomic Simulation Model for a Developing CountryOnline resources: IMF e-Library | IMF Book Store Abstract: The paper develops a small dynamic macroeconomic simulation model for a representative developing country which relies on familiar macroeconomic theory and in which expectations are formed rationally. The model is useful for the analysis and simulation of important policy questions in a general-equilibrium setting. Several policy experiments are conducted which illustrate the workings of the model and yield fresh insights into the effects of standard macroeconomic policies in developing countries.
The paper develops a small dynamic macroeconomic simulation model for a representative developing country which relies on familiar macroeconomic theory and in which expectations are formed rationally. The model is useful for the analysis and simulation of important policy questions in a general-equilibrium setting. Several policy experiments are conducted which illustrate the workings of the model and yield fresh insights into the effects of standard macroeconomic policies in developing countries.
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