This paper describes a small macroeconomic model based on a representative industrial-country block of MULTIMOD, the IMF`s multi-country simulation model. REPMOD is designed to provide a more flexible and accessible tool for analysis by individual country desks than the full version of MULTIMOD....

This paper describes the OECD’s new small global forecasting model for the three main OECD economic regions: the United States, the euro area, and Japan. The key variables – which include output, inflation, the trade balance, and import prices – are driven by monetary and fiscal policy,...

This paper reviews the accuracy of the OECD Economic Outlook projections — both “current year” and “year ahead” — for output growth, inflation and current account balances (as a percentage of GDP) for the major seven countries, as well as projections for world trade growth. The...

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...

This paper investigates the macroeconomic policy challenges associated with a prospective continuation of international trade and financial integration over the next two decades, making use of a global macroeconomic model newly developed by the OECD. The analysis has several important policy...

Im Rahmen des vorliegenden IW-Reports werden die Konsequenzen der aktuellen handelspolitischen Herausforderungen für die deutsche Wirtschaft geschätzt und die Größenordnung ihrer gesamtwirtschaftlichen Effekte quantifiziert. Die Simulationen mit dem Oxford Economics Global Economic Model...

This paper has two main objectives. First, it computes capital flight (CF) through trade misinvoicing from India using data from UNCOMTRADE, MIT Observatory of Economic Complexity and IMF E-library. India’s trade with 17 countries over the period 1988-2012 is considered. We find that CF has...

We evaluate potential global impacts of increase in U.S. natural gas exports as a result of the shale gas boom. To our knowledge this is the first such analysis using a global economic model to understand this timely policy issue. Our primary conclusion is that world economic activity is higher...

The article presents the brief overview of the results of privatization in Russia during the period from 1995 to 2013. The privatization of the largest state companies is covered, large-scale privatization deals of the last two years are considered as highly efficient. The paper provides the...

This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery, focussing on lessons that can be learned. The projections repeatedly over-estimated growth, failing to anticipate the extent of the slowdown and later the weak pace of the...