Modelling the Supply Side of the Seven Major OECD Economies:
If a macroeconometric model is to be useful for policy analyses which go beyond short-term forecasting requirements, particular attention must be paid to the form and consistency of its various components with respect to longer-term equilibria. In particular, long-run properties and ultimate stabili...
Gespeichert in:
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Weitere Verfasser: | , |
Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
1996
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Schriftenreihe: | OECD Economics Department Working Papers
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Schlagworte: | |
Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
Zusammenfassung: | If a macroeconometric model is to be useful for policy analyses which go beyond short-term forecasting requirements, particular attention must be paid to the form and consistency of its various components with respect to longer-term equilibria. In particular, long-run properties and ultimate stability of such models with respect to output, employment and inflation depend crucially on the consistency and form of the supply-side specification. This paper presents recent work by the OECD contributing to its INTERLINK world model. It focuses on the specification and estimation of the supply-side aspects of the sub-models for the seven major OECD Member countries. It presents a general analytical framework for the specification of a consistent model of business sector behaviour within a dynamic form which meets both short-term forecasting and longer-term theoretical requirements. Comparative estimation results are reported for individual economies along with simulation results for a ... |
Beschreibung: | 1 Online-Ressource (44 Seiten) 21 x 29.7cm |
DOI: | 10.1787/067186103828 |
Internformat
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Datensatz im Suchindex
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author | Turner, Dave |
author2 | Richardson, Pete Rauffet, Sylvie |
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author_facet | Turner, Dave Richardson, Pete Rauffet, Sylvie |
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language | English |
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spelling | Turner, Dave Verfasser aut Modelling the Supply Side of the Seven Major OECD Economies Dave Turner, Pete Richardson and Sylvie Rauffet Paris OECD Publishing 1996 1 Online-Ressource (44 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers If a macroeconometric model is to be useful for policy analyses which go beyond short-term forecasting requirements, particular attention must be paid to the form and consistency of its various components with respect to longer-term equilibria. In particular, long-run properties and ultimate stability of such models with respect to output, employment and inflation depend crucially on the consistency and form of the supply-side specification. This paper presents recent work by the OECD contributing to its INTERLINK world model. It focuses on the specification and estimation of the supply-side aspects of the sub-models for the seven major OECD Member countries. It presents a general analytical framework for the specification of a consistent model of business sector behaviour within a dynamic form which meets both short-term forecasting and longer-term theoretical requirements. Comparative estimation results are reported for individual economies along with simulation results for a ... Economics Richardson, Pete ctb Rauffet, Sylvie ctb https://doi.org/10.1787/067186103828 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Turner, Dave Modelling the Supply Side of the Seven Major OECD Economies Economics |
title | Modelling the Supply Side of the Seven Major OECD Economies |
title_auth | Modelling the Supply Side of the Seven Major OECD Economies |
title_exact_search | Modelling the Supply Side of the Seven Major OECD Economies |
title_exact_search_txtP | Modelling the Supply Side of the Seven Major OECD Economies |
title_full | Modelling the Supply Side of the Seven Major OECD Economies Dave Turner, Pete Richardson and Sylvie Rauffet |
title_fullStr | Modelling the Supply Side of the Seven Major OECD Economies Dave Turner, Pete Richardson and Sylvie Rauffet |
title_full_unstemmed | Modelling the Supply Side of the Seven Major OECD Economies Dave Turner, Pete Richardson and Sylvie Rauffet |
title_short | Modelling the Supply Side of the Seven Major OECD Economies |
title_sort | modelling the supply side of the seven major oecd economies |
topic | Economics |
topic_facet | Economics |
url | https://doi.org/10.1787/067186103828 |
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