NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Empirical Studies of Macroeconomic Interdependence

John F. Helliwell, Tim Padmore

NBER Working Paper No. 1021 (Also Reprint No. r0660)
Issued in November 1982
NBER Program(s):   ITI   IFM

In this paper we examine the structure and empirical results from several groups of linked econometric models. The main focus of the paper is on the international transmission of fiscal policies, monetary policies, and oil price shocks, under both fixed and flexible exchange rates. The linkage models are divided into four groups: projects based on available national models; projects using structural models designed with monetary and exchange rate linkages in mind; projects focussed mainly on trade linkages; and projects using very small national models with common structure. Each group comprises from two to four projects. Comparable results on the transmission of fiscal policy under fixed exchange rates are available for eight projects, while four projects provide evidence on the domestic and international effects of monetary policy and oil price shocks.

download in pdf format
   (483 K)

email paper

This paper is available as PDF (483 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w1021

Published: in "Handbook of International Economics," vol. 2, no. 2, edited by R.W. Jones and P.B. Kenen, Vol. 2, (1984). Amsterdam: Elsevier Science Publishers B.V. , 1985.

Users who downloaded this paper also downloaded these:
Corsetti and Pesenti w6307 Welfare and Macroeconomic Interdependence
Ishii, McKibbin, and Sachs w1637 Macroeconomic Interdependence of Japan and the United States: Some Simulation Results
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us