MULTIMOD: A Multi-Region Econometric Model

International Monetary Fund

No 1988/023, IMF Working Papers from International Monetary Fund

Abstract: The paper describes a global model consisting of several industrial and developing country blocks built to analyze alternative economic policies in a medium-term context. The model, which has been used to construct medium-term scenarios for the World Economic Outlook, consists of aggregate demand and supply relationships, with endogenous determination of interest rates, prices, and exchange rates. Financing flows to developing countries depend on expectations of their ability to service debt. Expectations of interest rates, inflation, and exchange rates are modeled in a way that is consistent with the model’s solution, and budget constraints are imposed on governments.

Keywords: WP; exchange rate; capital stock; demand and supply; monetary policy; export price; price elasticity; government spending; rate of change; output price; base period; debt service; error term; real interest rate; Exports; Imports; Consumption; Export prices (search for similar items in EconPapers)
Pages: 91
Date: 1988-01-01
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1988/023

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