A small open economy DSGE model for Pakistan

Adnan Haider*, Safdar Ullah Khan

*Corresponding author for this work

Research output: Contribution to journalArticleResearchpeer-review

3 Citations (Scopus)

Abstract

The complex nature of DSGE models may have also limited their acceptance among policy makers, as notation can get very messy, thus creating a natural barrier for the communication of the results to policy makers, not to mention to the public. Furthermore, understanding the working of these models requires well trained macroeconomists with a modeling culture and strong statistical and computer programming skills. This also implies that central banks may need to invest additional resources to develop such models, something that might not always be considered as priority or simply resources might be scarce.

Original languageEnglish
Pages (from-to)963-1008
Number of pages46
JournalPakistan Development Review
Volume47
Issue number4
Publication statusPublished - 1 Dec 2008

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