| Description |
1 online resource (36 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/01/156 |
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IMF working paper ; WP/01/156.
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| Summary |
The paper suggests an econometric methodology for testing the effectiveness of reforms implemented in one major step, i.e., discrete reforms. The methodology is based on the exogeneity properties of variables in an econometric model. The paper specifies the preconditions for setting up an appropriate model; suggests an economic interpretation of the tests for weak, strong, and superexogeneity; and illustrates this methodology by applying it to two cases of instantaneous reforms. The exogeneity properties of variables in a correctly specified econometric model may help uncover information on the preparation, implementation, and the outcome of such reforms, which could be useful for future policy advice |
| Bibliography |
Includes bibliographical references (pages 33-36) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Economic policy -- Econometric models
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Economic forecasting -- Econometric models
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Mathematical analysis -- Econometric models
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Economic forecasting -- Econometric models.
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Economic policy -- Econometric models.
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| Form |
Electronic book
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| Author |
International Monetary Fund. Office in Geneva.
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| ISBN |
1451902557 |
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9781451902556 |
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