Modelling Wages and Prices for the Smaller OECD Countries

Kenichi Kawasaki, Peter Hoeller and Pierre Poret

No 86, OECD Economics Department Working Papers from OECD Publishing

Abstract: This paper presents work on wage/price blocks for the smaller OECD countries which has been implemented in OECD's world econometric model, INTERLINK. The paper discusses theoretical, statistical and practical aspects of the estimation of business sector wage equations and five domestic demand deflators. It also presents a variety of diagnostic simulations in order to evaluate overall model properties ... Ce papier présente le bloc prix-salaires des petits pays du modèle mondial de l'OCDE, INTERLINK. Le papier examine les aspects théoriques, statistiques et pratiques des équations, estimées pour le taux de salaire du secteur des entreprises et cinq déflateurs de la demande intérieure. Il présente aussi un ensemble de simulations destinées à évaluer les propriétés variantielles globales du modèle ...

Date: 1990-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:86-en

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