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International macroeconomic adjustment, 1987-1992 : a world model approach (Inglés)

In forecasting key economic indicators for the major industrial countries, the Bank's Economic Analysis and Prospects Division (IECAP) does not rely on a completely linked global macroeconomic model. This paper asks if IECAP forecasts are consistent with those produced by linked models. To answer this, Bank assumptions about exchange rates and commodity prices are introduced into three global models (OECD, Project Link, and Wharton Econometrics)...
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