A Forward-Looking Macroeconomic Simulation Model for a Developing Country

48 Pages Posted: 15 Feb 2006

See all articles by Nadeem Ul Haque

Nadeem Ul Haque

Pakistan Institute of Development Economics

Peter J. Montiel

Williams College - Department of Economics

Steven Symansky

International Monetary Fund (IMF) - Fiscal Affairs Department

Date Written: June 22, 1989

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.

JEL Classification: 131, 431

Suggested Citation

Ul Haque, Nadeem and Montiel, Peter J. and Symansky, Steven, A Forward-Looking Macroeconomic Simulation Model for a Developing Country (June 22, 1989). IMF Working Paper No. 89/53, Available at SSRN: https://ssrn.com/abstract=884837

Nadeem Ul Haque (Contact Author)

Pakistan Institute of Development Economics ( email )

Quaid-i-Azam University Campus, P.O. Box. 1091
Islamabad, Capital 44000
Pakistan
+92-51-9217879 (Phone)
+92-51-9210886 (Fax)

HOME PAGE: http://www.saneinetwork.net/structure/st_comm/NadeemUlHaque.asp

Peter J. Montiel

Williams College - Department of Economics ( email )

Fernald House
Office: Fernald 14
Williamstown, MA 01267
United States
413-597-2103 (Phone)
413-597-4045 (Fax)

HOME PAGE: http://www.williams.edu/Economics/faculty/montiel.htm

Steven Symansky

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

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