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...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
1996
|
| Series: | OECD Economics Department Working Papers
no.167 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | 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 ... |
| Physical Description: | 1 Online-Ressource (44 Seiten) 21 x 29.7cm. |
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| spelling | Turner, Dave VerfasserIn 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. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.167 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 MitwirkendeR ctb Rauffet, Sylvie MitwirkendeR ctb |
| 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_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 |
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