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  • Online Resource  (6)
  • 1985-1989  (6)
  • 1955-1959
  • Coe, David  (3)
  • Jarrett, Peter  (3)
  • Paris : OECD Publishing  (6)
  • Paris
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  • Online Resource  (6)
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Year
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  • Paris : OECD Publishing  (6)
  • Paris
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  • 1
    Online Resource
    Online Resource
    Modelling Business Sector Supply for the Smaller OECD Countries (1989)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 63 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.71
    Keywords: Economics
    Abstract: This paper presents business sector supply blocks for thirteen smaller OECD economies. The starting point is the approach adopted by the Economics and Statistics Department for the major economies. The structure of the supply blocks is explained and estimation results are presented. Results from several diagnostic simulations using the new blocks are also presented. Finally the way the supply blocks can be used to compare aggregate supply and demand is set out ...
    DOI: 10.1787/615253815306
    URL: Volltext
    URL: lizenzpflichtig
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    Online Resource
    MPI Ethno. Forsch.
  • 2
    Online Resource
    Online Resource
    A Revised Supply Block for the Major Seven Countries in INTERLINK (1987)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 51 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.41
    Keywords: Economics
    Abstract: While the philosophy behind the supply block has not changed since its initial version, each of the block's behavioural equations as well as the parameters of the production functions have been substantially modified. These modifications have been motivated, in general, by a wish to improve the consistency of the block and to relax some of the constraints imposed. Consistency has been improved via a minor modification to the procedure for estimating the parameters of the production function, as well as from the inclusion of a measure of "normal" inventory growth in the demand term in the output equation. In the new version, the equilibrium stock/output ratio is no longer treated as a constant; tax considerations and domestic price effects are now included in the business energy price equations, and the dynamic adjustment of the factor demand equations has been made more general. Finally, some research on potential output, based on the revised production model, is reported ...
    DOI: 10.1787/780384187533
    URL: Volltext
    URL: lizenzpflichtig
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    Online Resource
    MPI Ethno. Forsch.
  • 3
    Online Resource
    Online Resource
    International Investment-Income Determination in INTERLINK : Models for 23 OECD Countries and Six Non-OECD Regions (1987)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 55 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.45
    Keywords: Economics
    Abstract: This paper presents the specification of an investment-income model for 23 OECD countries and six non-OECD regions. The basic structure of the model -- an effective rate of return applied to the stock of foreign assets and liabilities -- is relatively simple and straightforward. A central distinction is made between dollar and non-dollar denominated foreign assets and liabilities and matrices giving estimates of the currency composition of these stocks are reported. Estimation and simulation results for the investment-income model are presented ...
    DOI: 10.1787/700735334367
    URL: Volltext
    URL: lizenzpflichtig
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    Online Resource
    MPI Ethno. Forsch.
  • 4
    Online Resource
    Online Resource
    Exchange Rates and Real Long-Term Interest-Rate Differentials : Evidence for Eighteen OECD Countries (1986)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 23 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.28
    Keywords: Economics
    Abstract: The bivariate relationship between real exchange rates and the real long-term interest rate differential has been investigated in a number of recent studies. By exchange-rate-equation standards, this specification does a relatively good job of tracking the historical movements in the dollar-Deutschemark and the dollar-yen bilateral exchange rates, and the dollar effective exchange rate; but does a poor job for the dollar-sterling rate. This paper extends the analysis to 18 OECD countries, in bilateral as well as effective terms. Results from earlier studies are confirmed, but in general the estimation results are sufficiently mixed to suggest that the absence of any risk premia variables may be an important omission ...
    DOI: 10.1787/407414641637
    URL: Volltext
    URL: lizenzpflichtig
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    Online Resource
    MPI Ethno. Forsch.
  • 5
    Online Resource
    Online Resource
    Aggregate Supply in INTERLINK : Model Specification and Empirical Results (1985)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 65 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.26
    Keywords: Economics
    Abstract: This paper describes modifications to, and further developments of, the supply block in the Secretariat's INTERLINK world model as of the autumn of 1985. The objective of the work was to strengthen the role of supply side elements, in particular profitability, in the model. In the process, stockbuilding was endogenised, assigning to inventories an important buffer role between sales and output in the dynamic adjustment process. Price formation has been linked more coherently to the revised supply structure via a dual cost function, and labour supply has been endogenised. The equations described in this paper have been incorporated in the latest version of INTERLINK, the simulation properties of which will be described in a separate forthcoming working paper, "The Structure and Simulation Properties of the OECD INTERLINK Model: An Overview" ...
    DOI: 10.1787/080723842221
    URL: Volltext
    URL: lizenzpflichtig
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    Online Resource
    MPI Ethno. Forsch.
  • 6
    Online Resource
    Online Resource
    Nominal Wage Determination in Ten OECD Economies (1985)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 51 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.19
    Keywords: Economics
    Abstract: The importance of wages in the analysis and forecasting of macroeconomic developments needs no emphasis. Nominal wage inflation is a crucial component of price inflation, while real wages importantly influence the demand for labour and for other factors of production. More generally, the way in which nominal wages are set is an important determinant of whether or not there is any short- or longer-run trade off between inflation and employment. The way that wages evolve in the current situation of recovering output and profits, where inflation has declined and unemployment remains high, will be critical in determining whether there are pressures which might contribute to a resurgence of inflation. This paper analyses the historical determinants of nominal wages in ten OECD economies and considers the implications for future wage, and hence inflation, developments. The Phillips curve represents a dynamic adjustment process of nominal wages to equilibrium and disequilibrium phenomena ...
    DOI: 10.1787/543148520161
    URL: Volltext
    URL: lizenzpflichtig
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    Online Resource
    MPI Ethno. Forsch.
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