This is the first of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. In this paper, we estimate a small...

This is the third of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. In this paper, we estimate a small...

This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...

A small macroeconomic model based on familiar theoretical considerations is developed and estimated using data from 31 developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of rational expectations. The estimates and the test...

This paper describes a simulation model that can serve as a basis for a developing country growth-oriented adjustment program. The model has been designed to provide explicit links between fiscal, monetary and exchange rate policies and major macroeconomic variables. While the model is applied...

Modeling of non-carbon dioxide (non-CO2) greenhouse gas (GHG) emissions in integrated assessment models (IAMs) is critical to achieving long-term climate targets. This study selects nine IAMs to reveal the modeling mechanisms and mitigation of non-CO2 GHGs. It further explores the impact of...

Wirtschaftspolitische Maßnahmen, zu denen Politiker in Zeiten der Stagnation greifen, um sich die Gunst ihrer Wähler zu sichern, reflektieren vor allem parteipolitische Interessen und Kompromisse und stellen eher zufällig volkswirtschaftlich sinnvolle Maßnahmen dar. Um auf die...

This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and...