Current account model with rational expectations and Bayesian learning
by Christopher Dylan McGee
International Journal of Economics and Business Research (IJEBR), Vol. 1, No. 3, 2009

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.

Online publication date: Tue, 31-Mar-2009

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