Weeraratne, Bilesha B. - In: South Asia Economic Journal 12 (2011) 1, pp. 61-89
This article tests the validity of a Forward Discount Bias Puzzle, in a small open developing economy (SODE)—Sri Lanka—by employing first an unstructured vector autoregression (VAR) model and then a structured VAR model. The author argues that empirical examinations concerning...