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  • 1
    Language: English
    Pages: 45 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.38
    Keywords: Economics ; United States
    Abstract: This paper provides an analysis of the recent evolution of the U.S. current account external deficit in the context of the OECD Secretariat world model, INTERLINK. It seeks to assess to what extent developments in the U.S. current balance since 1980 might be viewed as being surprising, at least by the standards of the relationships embodied in the current U.S. trade block of that model ...
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  • 2
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 41 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.46
    Keywords: Economics
    Abstract: This paper summarizes recent empirical studies contributing towards the OECD Secretariat INTERLINK world macroeconomic model. For a number of topics, it reviews work which is described in more detail in recent Economics and Statistics Department Working Papers. It also covers a number of areas where recent changes have been relatively less substantial in terms of changes in model structure, but nonetheless influential in the evolution of model properties. A final section reviews current Secretariat macroeconometric modelling work which is yet to be implemented in the model and also discusses possible future developments. A separate companion paper, ESD Working Paper No. 47, analyses the single- and multi-country simulation properties of a recent version of the model, one which includes most of the research reported here ...
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  • 3
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 77 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.47
    Keywords: Economics
    Abstract: This paper reviews the simulation properties of a recent version of the OECD Secretariat's international macroeconomic model, INTERLINK, a version which embodies much of the empirical work reported in recent Working Papers and summarised in a separate companion paper ESD Working Paper No. 46. The material presented is intended to provide a general overview of model properties and some of the key mechanisms involved ...
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