Haider, Adnan; Din, Musleh ud; Ghani, Ejaz - In: The Pakistan Development Review 51 (2012) 4, pp. 609-681
This paper develops an open economy dynamic stochastic general equilibrium (DSGE) model based on New-Keynesian micro-foundations. Alongside standard features of emerging economies, such as a combination of producer and local currency pricing for exporters, foreign capital inflow in terms of...