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MULTIMOD Econometric Model

Multimod Mark III: The Core Dynamic and Steady State Model

Author/Editor: Laxton, Douglas | Isard, Peter | Faruqee, Hamid | Prasad, Eswar | Turtelboom, Bart
Published: May 21, 1998
Electronic Access: Free Full Text

Summary: This study describes the Mark III version of MULTIMOD, the IMF's multi region macroeconomic model. Mark III version of MULTIMOD differs from its predecessor in several important respects. New features include a core steady-state analogue model, a new model of teh inflation-unemployment nexus, and extended non-Ricardian specification of consumption-saving behavior, and improved specifications and estimates of investment behavior and international trade equations. In addition, the introduction of a new solution algorithm has greatly increased the robustness, speed of convergence, and accuracy of the simulations.
Series: Occasional Paper No. 164
Subject(s): Economic models
    Published:   May 21, 1998        
    ISBN/ISSN:   ISBN 1-55775-722-4 ; ISSN 0251-6365   Format:   Paper
    Stock No:   S164EA0000000        
    Price:   US$18.00 (Academic Rate: US$15.00)
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