Simulating the OECD INTERLINK Model under Alternative Monetary Policy Rules:

This paper reviews the influence of a variety of different monetary rules for the G3 economies on the comparative simulation properties of a recent version of the OECD INTERLINK model. The simulated shocks are typically of a "global" nature, with the main objective being to assess the rela...

Full description

Saved in:
Bibliographic Details
Main Author: Richardson, Pete (Author)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 1990
Series:OECD Economics Department Working Papers
Subjects:
Online Access:Volltext
Summary:This paper reviews the influence of a variety of different monetary rules for the G3 economies on the comparative simulation properties of a recent version of the OECD INTERLINK model. The simulated shocks are typically of a "global" nature, with the main objective being to assess the relative effectiveness of alternative monetary policy settings in achieving a stable set of outcomes for main macroeconomic aggregates at the global level. Since the relative performance of different policies seems likely to depend on both the nature of the shocks and specific structural features of the model used, it also examines the extent to which these results are likely to be empirically fragile ...
Physical Description:1 Online-Ressource (71 Seiten) 21 x 29.7cm
DOI:10.1787/573688010825

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text