Rational Expectation Hypothesis: An Application of the Blanchard and Khan Approach

This paper uses the solution of the linear difference model under rational expectation of Blanchard and Kahn (1980) to test the validity of the inflation stickiness and the Rational Expectation Hypotheses for the Brazilian economy during the period from 06/95 to 09/02. Using the Fuhrer-Moore model and GMM we find evidence favoring both hypothesis.

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Year of publication:	2004-06-26
Authors:	Moreira, Tito ; Souza, Geraldo ; Almeida, Charles
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 3.2004, 22, p. 1-9
Publisher:	AccessEcon
Subject:	Fuhrer-Moore Model

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Extent:	application/pdf
Type of publication:	Article
Classification:	C1 - Econometric and Statistical Methods: General ; E0 - Macroeconomics and Monetary Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010835812