Current account model with rational expectations and Bayesian learning

Christopher Dylan McGee

International Journal of Economics and Business Research, 2009, vol. 1, issue 3, 333-346

Abstract: The article presents a long-term macro-model of the US trade balance that allows for agents with rational expectations to learn about the key parameters affecting the currency forecast. This allows for a dynamic that is a plausible middle-ground between the standard alternatives of either perfect information or investor myopia.

Keywords: Bayesian learning; current account; macromodelling; US trade balance; USA; United States; currency forecast. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijecbr:v:1:y:2009:i:3:p:333-346

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