Use the latest browser recommended by Microsoft
Get speed, security and privacy with Microsoft Edge
This paper aims to provide further evidence on the empirical applicability of the operational expectations - permanent income hypothesis (hereafter REPIH) within the context of less developing countries (LDCs). It expands upon a similar study done by the authors for the Caribbean region {see Craigwell and Rock (1990)} by including data for several Latin American countries. (Also published in Money Affairs, Jan-Jun1992, Vol. 5 Issue 1, p89-103, 15p)