Details of the Model

Annalisa Cristini
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Annalisa Cristini: University of Bergamo

Chapter 3 in Unemployment and Primary Commodity Prices, 1999, pp 67-86 from Palgrave Macmillan

Abstract: Abstract The OECD economy is modelled in detail: the demand and the supply side are made explicit in an imperfectly competitive framework. The description of the LDC region is based on an aggregate demand function; however the evolution of the LDC foreign debt over time, which contributes to the performance of the international financial market and the endogenization of the primary commodity market, enhance the representativeness of the Southern block.

Keywords: Real Wage; Real Interest Rate; Aggregate Demand; Commodity Price; OECD Economy (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14972-8_3

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DOI: 10.1007/978-1-349-14972-8_3

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