La nouvelle version de MIMOSA, modèle de l'économie mondiale
Abstract[eng] Mimosa, a macroeconomic model of the world economy, jointly built by the CEPII and the OFCE, is now reestimated. This article presents its main features and describes some monetary and fiscal multipliers. The economies of the six bigger industrialised countries are described in great detail by neo-keynesian models : a five product disaggregation distinguishes the energy sector, agriculture, the non-traded sector, the government sector and the industrial sector for which a putty-clay production function ensures compatibilities between employment, investment and production capacity behaviour. These models allow a precise analysis of the consequences of many kinds of monetary or fiscal policies. The rest of the world is divided into twelve zones, more succinctly modelled : the model reveals in particular the financing constraints which bear on the imports of the less developed countries. International trade is analysed through a four product disaggregation. The article shows the model's properties while describing the impacts, in the country and abroad, of an increase in public expenditure in one of the major countries. It studies the consequences of worlwide increase in public expenditures, the implications of a worldwide increase in interest rates, and finally the effects of a decline in the dollar exchange rate. [fre] MIMOSA, modÃ¨le macroÃ©conomique de l'Ã©conomie mondiale, construit en commun par le Ð¡ÐÐ Ð et l'OFCE, est maintenant rÃ©estimÃ©. Le prÃ©sent article en expose les principales caractÃ©ristiques ainsi que quelques propriÃ©tÃ©s variantielles. Les Ã©conomies des six plus importants pays industrialisÃ©s sont dÃ©crites en dÃ©tail par des modÃ¨les d'inspiration nÃ©o-keynÃ©sienne ; le dÃ©coupage en cinq branches (trois pour les Etats-Unis et le Japon) permet d'isoler l'Ã©nergie, le secteur agricole, le secteur abritÃ©, le secteur non-marchand et l'industrie oÃ¹ la fonction de production, de type Â« putty-clay Â», vise Ã assurer la cohÃ©rence des comp
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue de l'OFCE.
Volume (Year): n° 58 (1996)
Issue (Month): 3 ()
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Web page: http://www.cairn.info/revue-de-l-ofce.htm
Other versions of this item:
- Hervé Le Bihan & Philippine Cour & Bruno Coquet & Frédéric Lerais & Frédéric Busson & Equipe MIMOSA, 1996. "La nouvelle version de MIMOSA, modèle de l'économie mondiale," Revue de l'OFCE, Programme National Persée, vol. 58(1), pages 103-155.
- Frédéric Busson & Frédéric Lerais & Hervé Le Bihan & Philippine Cour & Bruno Coquet & Murielle Fiole & John Baude & Bernard Chatelain & Henri Delessy & Henri Sterdyniak, 1996. "La nouvelle version de MIMOSA, modèle de l'économie mondiale," Sciences Po publications info:hdl:2441/5242, Sciences Po.
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- Saadaoui, Jamel, 2012.
"Déséquilibres globaux, taux de change d’équilibre et modélisation stock-flux cohérente
[Global Imbalances, Equilibrium Exchange Rates and Stock-Flow Consistent Modelling]," MPRA Paper 51332, University Library of Munich, Germany.
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