A small open economy DSGE model for Pakistan

Adnan Haider, Safdar Ullah Khan

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

Fingerprint

open economy
Pakistan
natural barrier
central bank
resource
resources
acceptance
programming
communication
modeling
economy
policy

Cite this

@article{3041df9c9796475e8c733745c28ea110,
title = "A small open economy DSGE model for Pakistan",
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.",
author = "Adnan Haider and Khan, {Safdar Ullah}",
year = "2008",
month = "12",
day = "1",
language = "English",
volume = "47",
pages = "963--1008",
journal = "Pakistan Development Review",
issn = "0030-9729",
publisher = "Pakistan Institute of Development Economics",
number = "4",

}

A small open economy DSGE model for Pakistan. / Haider, Adnan; Khan, Safdar Ullah.

In: Pakistan Development Review, Vol. 47, No. 4, 01.12.2008, p. 963-1008.

Research output: Contribution to journalArticleResearchpeer-review

TY - JOUR

T1 - A small open economy DSGE model for Pakistan

AU - Haider, Adnan

AU - Khan, Safdar Ullah

PY - 2008/12/1

Y1 - 2008/12/1

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=77957897256&partnerID=8YFLogxK

M3 - Article

VL - 47

SP - 963

EP - 1008

JO - Pakistan Development Review

JF - Pakistan Development Review

SN - 0030-9729

IS - 4

ER -