OECD Economic Activity and Non-Oil Commodity Prices: Reduced-Form Equations for INTERLINK
This paper gives an overview of the determination of non-oil commodity prices in the Economics and Statistics Department's INTERLINK world model. The practical problems which have been encountered, in particular in the context of full simulations are discussed. Based on a number of statistical...
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| Main Author: | |
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
1987
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| Series: | OECD Economics Department Working Papers
no.42 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | This paper gives an overview of the determination of non-oil commodity prices in the Economics and Statistics Department's INTERLINK world model. The practical problems which have been encountered, in particular in the context of full simulations are discussed. Based on a number of statistical tests, a new specification of the commodity price block is proposed. Indices of nominal commodity prices measured in dollars are estimated as functions of OECD economic activity and inflation, U.S. interest rates and oil prices. Compared to the previous system, the new equations are better behaved in a number of respects ... |
| Physical Description: | 1 Online-Ressource (28 Seiten) 21 x 29.7cm. |
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| spelling | Holtham, Gerald VerfasserIn aut OECD Economic Activity and Non-Oil Commodity Prices Reduced-Form Equations for INTERLINK Gerald, Holtham and Martine, Durand Paris OECD Publishing 1987 1 Online-Ressource (28 Seiten) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.42 This paper gives an overview of the determination of non-oil commodity prices in the Economics and Statistics Department's INTERLINK world model. The practical problems which have been encountered, in particular in the context of full simulations are discussed. Based on a number of statistical tests, a new specification of the commodity price block is proposed. Indices of nominal commodity prices measured in dollars are estimated as functions of OECD economic activity and inflation, U.S. interest rates and oil prices. Compared to the previous system, the new equations are better behaved in a number of respects ... Economics Durand, Martine MitwirkendeR ctb |
| spellingShingle | Holtham, Gerald OECD Economic Activity and Non-Oil Commodity Prices Reduced-Form Equations for INTERLINK Economics |
| title | OECD Economic Activity and Non-Oil Commodity Prices Reduced-Form Equations for INTERLINK |
| title_auth | OECD Economic Activity and Non-Oil Commodity Prices Reduced-Form Equations for INTERLINK |
| title_exact_search | OECD Economic Activity and Non-Oil Commodity Prices Reduced-Form Equations for INTERLINK |
| title_full | OECD Economic Activity and Non-Oil Commodity Prices Reduced-Form Equations for INTERLINK Gerald, Holtham and Martine, Durand |
| title_fullStr | OECD Economic Activity and Non-Oil Commodity Prices Reduced-Form Equations for INTERLINK Gerald, Holtham and Martine, Durand |
| title_full_unstemmed | OECD Economic Activity and Non-Oil Commodity Prices Reduced-Form Equations for INTERLINK Gerald, Holtham and Martine, Durand |
| title_short | OECD Economic Activity and Non-Oil Commodity Prices |
| title_sort | oecd economic activity and non oil commodity prices reduced form equations for interlink |
| title_sub | Reduced-Form Equations for INTERLINK |
| topic | Economics |
| topic_facet | Economics |
| work_keys_str_mv | AT holthamgerald oecdeconomicactivityandnonoilcommoditypricesreducedformequationsforinterlink AT durandmartine oecdeconomicactivityandnonoilcommoditypricesreducedformequationsforinterlink |