Published in:IMF Working Paper, Vol. , pp. 1-42, 1989
Extent:
1 Online-Ressource (48 p)
Language:
English
DOI:
10.2139/ssrn.884837
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 22, 1989 erstellt
Description:
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