Modelling the Supply Side of the Seven Major OECD Economies
If a macroeconometric model is to be useful for policy analyses which go beyond short-term forecasting requirements, particular attention must be paid to the form and consistency of its various components with respect to longer-term equilibria. In particular, long-run properties and ultimate stabili...
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| Sprache: | English |
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OECD Publishing
1996
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| Schriftenreihe: | OECD Economics Department Working Papers
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| 520 | |a If a macroeconometric model is to be useful for policy analyses which go beyond short-term forecasting requirements, particular attention must be paid to the form and consistency of its various components with respect to longer-term equilibria. In particular, long-run properties and ultimate stability of such models with respect to output, employment and inflation depend crucially on the consistency and form of the supply-side specification. This paper presents recent work by the OECD contributing to its INTERLINK world model. It focuses on the specification and estimation of the supply-side aspects of the sub-models for the seven major OECD Member countries. It presents a general analytical framework for the specification of a consistent model of business sector behaviour within a dynamic form which meets both short-term forecasting and longer-term theoretical requirements. Comparative estimation results are reported for individual economies along with simulation results for a ... | ||
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| id | DE-604.BV047934942 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-03T15:58:23Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (44 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 1996 |
| publishDateSearch | 1996 |
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| publisher | OECD Publishing |
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| series2 | OECD Economics Department Working Papers |
| spellingShingle | Turner, Dave Modelling the Supply Side of the Seven Major OECD Economies Economics |
| title | Modelling the Supply Side of the Seven Major OECD Economies |
| title_auth | Modelling the Supply Side of the Seven Major OECD Economies |
| title_exact_search | Modelling the Supply Side of the Seven Major OECD Economies |
| title_full | Modelling the Supply Side of the Seven Major OECD Economies Dave Turner, Pete Richardson and Sylvie Rauffet |
| title_fullStr | Modelling the Supply Side of the Seven Major OECD Economies Dave Turner, Pete Richardson and Sylvie Rauffet |
| title_full_unstemmed | Modelling the Supply Side of the Seven Major OECD Economies Dave Turner, Pete Richardson and Sylvie Rauffet |
| title_short | Modelling the Supply Side of the Seven Major OECD Economies |
| title_sort | modelling the supply side of the seven major oecd economies |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/067186103828 |
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