Showing 1 - 8 of 8
This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments … are found to have had pro-cyclical fiscal policies over this period.<P>Un modèle de simulation des comptes gouvernementaux … travail présente un modèle de simulation des principaux agrégats budgétaires des gouvernements fédéral, provinciaux et …
Persistent link: https://www.econbiz.de/10008548955
This paper provides a summary of the OECD’s new global macroeconometric model, including an overview of model structure and a selection of simulations illustrating its main properties. Compared with its predecessors, the new model is more compact and regionally aggregated, but gives more...
Persistent link: https://www.econbiz.de/10008542501
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying...
Persistent link: https://www.econbiz.de/10011276951
Economic Outlook. A small simulation model is used to evaluate the contribution that the three pillars of the government … modèle de simulation de petite taille est utilisé pour évaluer dans quelle mesure les trois piliers de la stratégie …
Persistent link: https://www.econbiz.de/10011276798
Over the past 25 years inflation has moderated considerably in all OECD economies. At the same time, the production of many goods and services has become increasingly internationalised and the level of trade between the OECD and non-OECD economies has risen markedly. This paper investigates the...
Persistent link: https://www.econbiz.de/10005046203
The degree of integration and openness of OECD economies has consistently increased throughout most of the past three decades. By limiting the influence of non-economic factors, and reducing heterogeneity in economic systems, increased integration and openness enhance the emergence of common...
Persistent link: https://www.econbiz.de/10005045601
number of standard macroeconomic shocks. These simulation results reflect the combination of unadjusted model properties and …
Persistent link: https://www.econbiz.de/10005045705
In this paper the OECD’s interlink model is used to explore several possible channels through which a narrowing of the US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an improvement in the non-price competitiveness of US...
Persistent link: https://www.econbiz.de/10005045912