English, Article, Journal or magazine article edition: The McKibbin-Sachs Global Model: Theory and Specifications Warwick J. McKibbin; Jeffrey D. Sachs

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Bookmark: http://trove.nla.gov.au/version/140805
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The McKibbin-Sachs Global Model: Theory and Specifications
Author
  • Warwick J. McKibbin
  • Jeffrey D. Sachs
Physical Description
  • preprint
Notes
  • This paper presents the theoretical underpinnings of the MSG2 simulation model of the world economy. The MSG2 model is a dynamic general equilibrium model of the world economy which pays particular attention to the relation between stocks and flows and intertemporal constraints. The formation of expectations also plays an important role in the model. In the version presented here the world is divided into the U.S., Japan, Germany, the rest of the EMS, and the rest of the OECD, non-oil developing countries and OPEC.
  • RePEc:nbr:nberwo:3100
Language
  • English
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