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Faruqee, Hamid.

Multimod Mark III The Core Dynamic and Steady State Model / Hamid Faruqee. [electronic resource] : Hamid Faruqee. - Washington, D.C. : International Monetary Fund, 1998. - 1 online resource (73 p.) - Occasional Papers; Occasional Paper ; No. 164 . - Occasional Papers; Occasional Paper ; No. 164 .

This study describes the Mark III version of MULTIMOD, the IMF's multi region macroeconomic model. Mark III version of MULTIMOD differs from its predecessor in several important respects. New features include a core steady-state analogue model, a new model of teh inflation-unemployment nexus, and extended non-Ricardian specification of consumption-saving behavior, and improved specifications and estimates of investment behavior and international trade equations. In addition, the introduction of a new solution algorithm has greatly increased the robustness, speed of convergence, and accuracy of the simulations.

ISBN: 1557757224 : 15.00 USD

ISSN: 0251-6365

Standard No.: 10.5089/9781557757227.084 doi

Subjects--Topical Terms:
Inflation
Labor Income
Real Interest Rate
Unemployment Rate
Unemployment

Subjects--Geographic Terms:
Canada
United States