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Addressing Global Imbalances: A Development-Oriented Policy Agenda

In: Economic Alternatives for Growth, Employment and Poverty Reduction

Author

Listed:
  • Alex Izurieta
  • Terry McKinley

Abstract

The core of this working paper presents three different ‘scenarios’ for the world economy based on applying a world trade and income macroeconomic model. These three ‘scenarios’ are not forecasts; they are generated by the world macro model by making assumptions about basic macroeconomic parameters and then obliging the results to be consistent with recent historical trends and the current structure of the world economy. A brief description of the modeling methodology is presented in Section 2 while the blocs used for the model are identified in the Appendix.

Suggested Citation

  • Alex Izurieta & Terry McKinley, 2009. "Addressing Global Imbalances: A Development-Oriented Policy Agenda," Palgrave Macmillan Books, in: Terry McKinley (ed.), Economic Alternatives for Growth, Employment and Poverty Reduction, chapter 3, pages 33-74, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25063-5_4
    DOI: 10.1057/9780230250635_4
    as

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