The U.K. Sector of the Federal Reserve's Multicountry Model: The Effects of Monetary and Fiscal Policies
AbstractThe purpose of this paper is to describe and to analyze in some detail the U.K. sector of the Federal Reserv e's Multicountry Model (MCM). The analysis focuses on the effects of shifts in U.K. monetary and fiscal policies at three levels: (1) within the unlinked U.K. sector, (2) within the linked MCM framework, and (3) within thelinked MCM under the assumption that U.K. policy shifts are synchronized with those in the MCM ot her countries. The contrast between linked and unlinked simulation illustrates t he importance ofinternational feedback effects. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester
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Bibliographic InfoArticle provided by University of Manchester in its journal The Manchester School of Economic & Social Studies.
Volume (Year): 54 (1986)
Issue (Month): 4 (December)
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Other versions of this item:
- Hali J. Edison, 1985. "The U.K. sector of the Federal Reserve's multicountry model : the effects of monetary and fiscal policies," International Finance Discussion Papers 267, Board of Governors of the Federal Reserve System (U.S.).
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bladen-Hovell, Robin & Green, Christopher & Savage, David, 1982. "The Transmission Mechanism of Monetary Policy in Two Large-Scale Models of the UK Economy," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 44(1), pages 15-29, February.
- Howard, David H., 1982. "The British banking system's demand for cash reserves," Journal of Monetary Economics, Elsevier, vol. 9(1), pages 21-41.
- Richard Berner & Peter Clark & Howard Howe & Sung Kwack & Guy Stevens, 1976. "Modeling the international influences on the U.S. economy: a multi- country approach," International Finance Discussion Papers 93, Board of Governors of the Federal Reserve System (U.S.).
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