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Recent Developments in OECD's International Macroeconomic Model

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  • Pete Richardson

Abstract

This paper summarizes recent empirical studies contributing towards the OECD Secretariat INTERLINK world macroeconomic model. For a number of topics, it reviews work which is described in more detail in recent Economics and Statistics Department Working Papers. It also covers a number of areas where recent changes have been relatively less substantial in terms of changes in model structure, but nonetheless influential in the evolution of model properties. A final section reviews current Secretariat macroeconometric modelling work which is yet to be implemented in the model and also discusses possible future developments. A separate companion paper, ESD Working Paper No. 47, analyses the single- and multi-country simulation properties of a recent version of the model, one which includes most of the research reported here ... Cet article résume les études empiriques récentes contributant au développement du modèle macro-économique mondial du Secrétariat de l'OCDE INTERLINK. Il passe en revue un certain nombre de sujets traités d'une manière plus détaillée dans des Documents de Travail récents du Département des Affaires Economiques et Statistiques. Il traite également d'un certain nombre de domaines qui ont peu changé la structure du modèle mais qui ont néanmoins des influences sur ses propriétés. La dernière section passe en revue les travaux actuellement poursuivis par le Secrétariat sur la modélisation macro-économique mais qui n'ont pas encore été intégrés au modèle. Elle envisage aussi les perfectionnements ultérieurs possibles. Une autre note, Document de Travail No. 47 du D.A.E.S., analyse les propriétés en simulation d'une version récente du modèle, incorporant la plupart des recherches décrites ici ...

Suggested Citation

  • Pete Richardson, 1987. "Recent Developments in OECD's International Macroeconomic Model," OECD Economics Department Working Papers 46, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:46-en
    DOI: 10.1787/302480486632
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    Cited by:

    1. Agnès Bénassy & Henri Sterdyniak, 1992. "La détermination des taux de change dans les modèles multinationaux : l'état de l'art," Économie et Prévision, Programme National Persée, vol. 104(3), pages 39-71.
    2. Antzoulatos, Angelos A., 1996. "Consumer credit and consumption forecasts," International Journal of Forecasting, Elsevier, vol. 12(4), pages 439-453, December.
    3. Agnieszka Domańska, 2013. "References to the Mundell-Fleming Model Found in New Models and the Evolution of Approaches in Analyzing the International Effects of Macroeconomic Policy," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 32.
    4. Anthonie Knoester & André Kolodziejak, 1994. "The need for economic policy coordination between Europe, Japan, and the United States: Policy recommendations for the 1990s," Open Economies Review, Springer, vol. 5(4), pages 327-346, October.
    5. Michel Catinat, 1989. "Les conditions de réussite du marché intérieur : concrétiser les opportunités," Économie et Statistique, Programme National Persée, vol. 217(1), pages 97-115.

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