Macroeconomic Models for the PC+L862

December 1, 1992

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Format: Chicago

Willem Bier. Macroeconomic Models for the PC+L862, (USA: International Monetary Fund, 1992) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper describes a computer program with which one can build macroeconomic models. It is possible to specify up to eighteen behavioral equations, each with between five and eleven independent variables. For certain variables, the user can decide whether they will be endogenous or exogenous. Many policy simulations dealing with adjustment and growth issues can be performed with this program by varying any of the exogenous variables, and these experiments can be repeated for different model specifications. This paper describes a number of experiments with a model of an open economy where output and prices are endogenous.

Subject: Demand for money, Export prices, External debt, Import prices, Monetary base, Money, Prices

Keywords: Demand for money, Excess supply, Export prices, Import demand function, Import function, Import prices, Monetary base, Nominal exchange rate, Price, Price development, Price of imports, Rate of inflation, Term d, WP

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1992/110
Stock No:

WPIEA1101992
ISBN:

9781451853261
ISSN:

1018-5941

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