Addressing Global Imbalances: A Development-Oriented Policy Agenda

Alex Izurieta and Terry McKinley

Chapter 3 in Economic Alternatives for Growth, Employment and Poverty Reduction, 2009, pp 33-74 from Palgrave Macmillan

Abstract: Abstract The core of this working paper presents three different ‘scenarios’ for the world economy based on applying a world trade and income macroeconomic model. These three ‘scenarios’ are not forecasts; they are generated by the world macro model by making assumptions about basic macroeconomic parameters and then obliging the results to be consistent with recent historical trends and the current structure of the world economy. A brief description of the modeling methodology is presented in Section 2 while the blocs used for the model are identified in the Appendix.

Keywords: Asset Price; World Economy; Current Account; Disposable Income; Aggregate Demand (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25063-5_4

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DOI: 10.1057/9780230250635_4

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