Standard Shocks in the OECD Interlink Model

Posted: 1 Jun 2010 Last revised: 3 Jun 2010

See all articles by Thomas Dalsgaard

Thomas Dalsgaard

International Monetary Fund (IMF)

Christophe Andre

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO)

Pete Richardson

affiliation not provided to SSRN

Date Written: September 6, 2001

Abstract

One of the OECD Economic Department’s key vehicles for analysing effects and international spillovers of macroeconomic policy as well as assessing risks to the global outlook is the macroeconometric model, INTERLINK. In the context of the Department’s regular projection exercises the model performs a variety of functions. These include 1) contributing to the construction and co-ordination of individual country projections; 2) the production of globally consistent trade projections; and 3) simulations to explore the short- to medium-term consequences of alternative economic conditions and policy assumptions. This paper briefly describes the main features of the current version of INTERLINK and presents the results of a number of standard macroeconomic shocks. These simulation results reflect the combination of unadjusted model properties and the specific stylised policy assumptions made. In the course of more routine policy analysis with the model at the OECD, these are augmented by specific additional judgements and assumptions concerning policy objectives as well as a range of other economic factors.

Keywords: Macroeconometric model, forecasting, simulations

JEL Classification: C5

Suggested Citation

Dalsgaard, Thomas and Andre, Christophe and Richardson, Pete, Standard Shocks in the OECD Interlink Model (September 6, 2001). Available at SSRN: https://ssrn.com/abstract=1618200

Thomas Dalsgaard

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Christophe Andre (Contact Author)

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO) ( email )

2 rue Andre Pascal
Paris Cedex 16, MO 63108
France

Pete Richardson

affiliation not provided to SSRN ( email )

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