English, Article, Journal or magazine article edition: Simulating the OECD INTERLINK Model under Alternative Monetary Policy Rules Pete Richardson

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Bookmark: http://trove.nla.gov.au/version/136042
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Simulating the OECD INTERLINK Model under Alternative Monetary Policy Rules
Author
  • Pete Richardson
Physical Description
  • preprint
Notes
  • This paper reviews the influence of a variety of different monetary rules for the G3 economies on the comparative simulation properties of a recent version of the OECD INTERLINK model. The simulated shocks are typically of a "global" nature, with the main objective being to assess the relative effectiveness of alternative monetary policy settings in achieving a stable set of outcomes for main macroeconomic aggregates at the global level. Since the relative performance of different policies seems likely to depend on both the nature of the shocks and specific structural features of the model used, it also examines the extent to which these results are likely to be empirically fragile ... Cet article passe en revue les différentes règles monétaires des économies des pays G3 et décrit leur influence sur les propriétés de simulation d'une version récente du modèle INTERLINK. Les chocs de simulation ont typiquement une nature "globale", leur objectif principal étant d'évaluer l'efficacité relative de plusieurs alternatives monétaires dans l'obtention de résultats stables pour les principaux aggrégats macro-économiques au niveau global. Le caractère empiriquement fragile des résultats obtenus sera également envisagé, dans la mesure où les performances relatives des différentes politiques semble être une fonction tant du caractère des chocs que des structures particulières des différents modèles ...
  • RePEc:oec:ecoaaa:85-en
Language
  • English
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