Endogenous Exchange Rate in the Medium Term: A Weak Law of Purchasing Power Parity for the LINK System

Lawrence Klein, S. Fardoust and V. Filatov

Chapter 10 in Demand, Equilibrium and Trade, 1984, pp 171-190 from Palgrave Macmillan

Abstract: Abstract Project LINK is a co-operative international research investigation in which national or regional macroeconometric models covering the entire world are brought together consistently for studying the international transmission mechanism. At present, the system consists of some eighteen national models of OECD countries, eight models of centrally planned economies, and four regional models of developing areas. A residual sector estimates trade flows for the ‘rest-of-the-world.

Keywords: Exchange Rate; Consumer Price Index; Purchase Power Parity; Purchase Power Parity; Export Price (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-06358-1_10

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