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Econometric Analysis of Discrete Reforms [electronic resource] Kireyev, Alexei.

Author/Creator:
Kireyev, Alexei.
Publication:
Washington, D.C. : International Monetary Fund, 2001.
Format/Description:
Government document
Book
1 online resource (38 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 01/156.
IMF Working Papers; Working Paper No. 01/156
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Local subjects:
Aggregate Productivity. (search)
Cointegration. (search)
Computation. (search)
Confidence interval. (search)
Constant term. (search)
Correlation. (search)
Correlation analysis. (search)
Current account balance. (search)
Determination of Interest Rates. (search)
Deterministic variable. (search)
Dummy variable. (search)
Dummy variables. (search)
Econometrics. (search)
Effective exchange rate. (search)
Equation. (search)
Exchange rate. (search)
Exchange rate reform. (search)
Exchange rate reforms. (search)
Exchange rate regime. (search)
Exchange rate unification. (search)
Forecasting. (search)
Forecasting and Simulation. (search)
Functional form. (search)
Granger causality. (search)
History of exchange rate. (search)
Independent variable. (search)
Independent variables. (search)
Integral. (search)
Market exchange rate. (search)
Measurement of Economic Growth. (search)
Models with Panel Data. (search)
Number of variables. (search)
Parameter vector. (search)
Predictability. (search)
Probability. (search)
Production. (search)
Real effective exchange rate. (search)
Simultaneous equation. (search)
Statistic. (search)
Statistical analysis. (search)
Statistical inference. (search)
Statistical inferences. (search)
Statistics. (search)
Survey. (search)
Term Structure of Interest Rates. (search)
Time series. (search)
Time-Series Models. (search)
Grenada. (search)
United Kingdom. (search)
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.
Notes:
Description based on print version record.
Contributor:
Kireyev, Alexei.
Other format:
Print Version:
ISBN:
1451857403:
9781451857405
ISSN:
1018-5941
Publisher Number:
10.5089/9781451857405.001
Access Restriction:
Restricted for use by site license.