Lecca, Patrizio; McGregor, Peter G.; Swales, Kim - Agricultural and Applied Economics Association - AAEA - 2012
We present a stylized intertemporal forward-looking model able that accommodates key regional economic features, an … and its implication for the balance of payments. Though maintaining dynamic forward-looking behaviour for agents, the rate … similarities and the differences between myopic and forward-looking models, highlighting the divergences among the main adjustment …