Comparative Properties of ADAM and the Treasury Model

Per Callesen
Additional contact information
Per Callesen: Ministry of finance, Denmark

No 91-21, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: The paper compares standardized simulation experiments of the Danish model ADAM and the UK Treasury model. There are both striking similarities and differences of which none seems to be related to the different scale of the two economies. Both models have significant crowding-out effects in a fixed exchange rate regime. The Treasury model differs from ADAM in especially three important respects: 1) A much stronger interest rate effect on consumption, 2) a much stronger tax effect on wages, and 3) a demand-pull inflation effect.

Pages: 84 pages
Date: 1991-12
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:9121

Access Statistics for this paper

More papers in Discussion Papers from University of Copenhagen. Department of Economics Oester Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Hoffmann ().