Macroeconomic Models for the PC+L862

Author/Editor:

Willem Bier

Publication Date:

December 1, 1992

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Series:

Working Paper No. 1992/110

Subject:

Demand for money Export prices External debt Import prices Monetary base Money Prices

English

Publication Date:

December 1, 1992

ISBN/ISSN:

9781451853261/1018-5941

Stock No:

WPIEA1101992

Pages:

50

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