Multimod Mark III: The Core Dynamic and Steady State Model
Electronic Access:
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Summary:
This study describes the Mark III version of MULTIMOD, the IMF's multi region macroeconomic model. Mark III version of MULTIMOD differs from its predecessor in several important respects. New features include a core steady-state analogue model, a new model of teh inflation-unemployment nexus, and extended non-Ricardian specification of consumption-saving behavior, and improved specifications and estimates of investment behavior and international trade equations. In addition, the introduction of a new solution algorithm has greatly increased the robustness, speed of convergence, and accuracy of the simulations.
Series:
Occasional Paper No. 1998/010
Subject:
Financial services Income Inflation Labor National accounts Prices Public debt Real interest rates Unemployment rate
English
Publication Date:
May 21, 1998
ISBN/ISSN:
9781557757227/0251-6365
Stock No:
S164EA0000000
Pages:
73
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