English, Article, Journal or magazine article edition: NAOMI/US A small-scale model of the U.S. Economy Nicolas Vincent

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Bookmark: http://trove.nla.gov.au/version/145488
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • NAOMI/​US A small-scale model of the U.S. Economy
Author
  • Nicolas Vincent
Physical Description
  • preprint
Notes
  • This paper presents NAOMI/​US (North American Open economy Macro-econometric Integrated model/​US), the U.S. counterpart to NAOMI/​Canada, developed with the objective of contributing to EAFD’s analytical and forecasting tools. It is a tractable system built around three main equations: IS curve, Phillips curve and monetary policy rule. The model exhibits a meaningful steady state, is forwardlooking and consistent with the structure of NAOMI/​Canada. Despite its parsimony, it displays credible dynamics that are comparable to those from larger, more complex models. Ce papier introduit MIOAN/​US (modèle Macro-économique Intégré de l'économie Ouverte de l'Amérique du Nord/​US), la contrepartie américaine de MIOAN/​Canada. Ce modèle a été développé dans l’objectif de contribuer aux outils d’analyse et de prévisions macroéconomiques relatifs à l’économie américaine de la division de l’analyse et de prévisions économiques. MIOAN/​US est un modèle à attentes rationnelles qui repose essentiellement sur trois équations : une courbe IS, une courbe de Phillips et une règle de politique monétaire. Malgré sa parcimonie, les propriétés de simulation du modèle sont comparables à ceux des modèles plus complexes et plus détaillés.
  • RePEc:fca:wpfnca:2002-09
Language
  • English
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