Macroeconomic Models for the PC+L862
December 1, 1992
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Summary
This paper describes a computer program with which one can build macroeconomic models. It is possible to specify up to eighteen behavioral equations, each with between five and eleven independent variables. For certain variables, the user can decide whether they will be endogenous or exogenous. Many policy simulations dealing with adjustment and growth issues can be performed with this program by varying any of the exogenous variables, and these experiments can be repeated for different model specifications. This paper describes a number of experiments with a model of an open economy where output and prices are endogenous.
Subject: Demand for money, Export prices, External debt, Import prices, Monetary base, Money, Prices
Keywords: Demand for money, excess supply, Export prices, import demand function, import function, Import prices, Monetary base, nominal exchange rate, price, price development, price of imports, rate of inflation, term d, WP
Pages:
50
Volume:
1992
DOI:
Issue:
110
Series:
Working Paper No. 1992/110
Stock No:
WPIEA1101992
ISBN:
9781451853261
ISSN:
1018-5941
