TY  - JOUR
AU  - Helliwell,John F.
AU  - Padmore,Tim
TI  - Empirical Studies of Macroeconomic Interdependence
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1021
PY  - 1985
Y2  - November 1985
UR  - http://www.nber.org/papers/w1021
L1  - http://www.nber.org/papers/w1021.pdf
N1  - Author contact info:
John F. Helliwell
Canadian Institute for Advanced Research
and Department of Economics
University of British Columbia
997-1873 East Mall
Vancouver BC V6T 1Z1
CANADA
Tel: 604/822-4953
Fax: 604/822-5915
E-Mail: john.helliwell@ubc.ca

Tim Padmore
AB  - 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.
ER  -