Multimod Mark III: The Core Dynamic and Steady State Model

By Hamid Faruqee, Douglas Laxton, Bart Turtelboom, Peter Isard, Eswar S Prasad

May 21, 1998

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Hamid Faruqee, Douglas Laxton, Bart Turtelboom, Peter Isard, and Eswar S Prasad. Multimod Mark III: The Core Dynamic and Steady State Model, (USA: International Monetary Fund, 1998) accessed November 21, 2024

Summary

This study describes the Mark III version of MULTIMOD, the IMF's multi region macroeconomic model. Mark III version of MULTIMOD differs from its predecessor in several important respects. New features include a core steady-state analogue model, a new model of teh inflation-unemployment nexus, and extended non-Ricardian specification of consumption-saving behavior, and improved specifications and estimates of investment behavior and international trade equations. In addition, the introduction of a new solution algorithm has greatly increased the robustness, speed of convergence, and accuracy of the simulations.

Subject: Financial services, Income, Inflation, Labor, National accounts, Prices, Public debt, Real interest rates, Unemployment rate

Keywords: Country model, Export price equation, Global, Income, Inflation, Inflation expectation, Inflation-unemployment nexus, MULTIMOD, MULTIMOD modeling system, OP, Price elasticity, Real interest rates, Unemployment rate

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1998/010
Stock No:

S164EA0000000
ISBN:

9781557757227
ISSN:

0251-6365

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