01644cas a2200241 a 4500 AALejournalIMF000900 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451920741 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Dynamic Responses to Policy and Exogenous Shocks in an Empirical Developing-Country Model with Rational Expectations. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (54 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical macroeconomic model which embodies rational expectations, perfect capital mobility, and import rationing. These features, which are relatively new in developing-country modelling, prove to be quite important in determining the model's dynamic properties. This suggests that macroeconomic management in developing countries--such as that involved in short-run stabilization--requires that such features be explicitly taken into account. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/025 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/025/001.1990.issue-025-en.xml IMF e-Library