Research Catalog

Modelling the Supply Side of the Seven Major OECD Economies

Title
Modelling the Supply Side of the Seven Major OECD Economies [electronic resource] / Dave Turner, Pete Richardson and Sylvie Rauffet
Author
Turner, Dave.
Publication
Paris : OECD Publishing, 1996.

Available Online

Full text online available onsite at NYPL

Details

Additional Authors
  • Richardson, Pete.
  • Rauffet, Sylvie.
Description
45 p.; 21 x 29.7cm.
Summary
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 ...
Series Statement
OECD Economics Department Working Papers, 1815-1973 ; no.167
Uniform Title
OECD Economics Department Working Papers, no.167.
Subject
Economics
LCCN
10.1787/067186103828
OCLC
oecd-lib
Author
Turner, Dave.
Title
Modelling the Supply Side of the Seven Major OECD Economies [electronic resource] / Dave Turner, Pete Richardson and Sylvie Rauffet
Imprint
Paris : OECD Publishing, 1996.
Series
OECD Economics Department Working Papers, 1815-1973 ; no.167
OECD Economics Department Working Papers, 1815-1973 ; no.167.
Connect to:
Full text online available onsite at NYPL
Indexed Term
Economics
Added Author
Richardson, Pete.
Rauffet, Sylvie.
Other Standard Identifier
10.1787/067186103828 doi
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