The dynamic behaviour of Canadian imports and the linear-quadratic model : evidence based on the Euler equation / by Robert A. Amano and Tony S. Wirjanto. : FB3-2/94-6E
We examine the ability of the simple linear-quadratic model under rational expectations to explain dynamic behaviour of aggregate Canadian imports. In contrast to authors of previous studies who examine dynamic behaviour using the LQ model, we estimate the structural parameters using the Euler equation in a limited information framework that does not require an explicit solution for the model's control variables in terms of the exogenous forcing variables.--Abstract
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | The dynamic behaviour of Canadian imports and the linear-quadratic model : evidence based on the Euler equation / by Robert A. Amano and Tony S. Wirjanto. |
| Series title | Working paper1192-543494-6 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[English] |
| Note(s) | "We examine the ability of the simple linear-quadratic model under rational expectations to explain dynamic behaviour of aggregate Canadian imports. In contrast to authors of previous studies who examine dynamic behaviour using the LQ model, we estimate the structural parameters using the Euler equation in a limited information framework that does not require an explicit solution for the model's control variables in terms of the exogenous forcing variables."--Abstract. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 1994. |
| Binding | Softcover |
| Description | 26p. : references, tables ; 28 cm. |
| ISBN | 0-662-22226-1 |
| ISSN | 1192-5434 |
| Catalogue number |
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| Subject terms | Economy Imports |
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