This paper presents business sector supply blocks for thirteen smaller OECD economies. The starting point is the approach adopted by the Economics and Statistics Department for the major economies. The structure of the supply blocks is explained and estimation results are presented. Results from...

This study was prepared in the Economics Department as a contribution to the Organisation -wide study of the economic consequences of population ageing. It presents a number of long-term scenarios illustrating the likely domestic and international macroeconomic effects of ageing across the OECD...

I: CGE Studies -- Sorting Out the Effects of Switzerland’s Accession to the EU: A Simulation Analysis -- Foreign Direct Investment in Producer Services -- EU Integration and Outsiders: A Simulation Study of Industrial Location -- Factor Mobility, Economic Integration and the Location of...

1. Introduction -- 1.1 References -- 2. Some Remarks on Econometric Model Building -- 2.1 References -- 3. Prediction-Oriented Estimation Methods for the Canonical Disequilibrium Model -- 3.1 References -- 4. Investment in Residential Construction -- 4.1 Introductory Remarks -- 4.2 Demand for...

I: Introduction -- 1: Overview and Summary -- II: Econometric Specifications of the Disequilibrium Model -- 2: Previous Specifications -- 3: The Exact Excess Demand Specification -- 4: Evaluating the Exact Excess Demand Specification -- Appendix A: Linear Spillovers -- III: Estimation of a...

A macroeconomic disequilibrium model is developed for the Federal Republic of Germany. Starting with a microeconomic model of firm's behaviour, the optimal dynamic adjustment of employment and investment is derived. The model of the firm is complemented by an explicite aggregation procedure...

1. The Received Econometric Formulation of 2-Market Rationing Models -- 2. Statement of the Problem -- 3. Contents -- I : Theoretical Foundations -- 1. The Structure of Quantity Rationing Models -- 2. Effective Demand Theory -- II : Econometric Formulation of a 2-Market Macroeconomic Model -- 1....

The book presents a disequilibrium approach to employment, inflation and growth in modern macroeconomics. It integrates markets of products and money, and labor markets into a consistent macrodynamic framework which contains a complete set of agents and markets. The framework allows to establish...