NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The McKibbin-Sachs Global Model: Theory and Specifications

Warwick J. McKibbin, Jeffrey D. Sachs

NBER Working Paper No. 3100
Issued in September 1989
NBER Program(s):   ITI   IFM

This paper presents the theoretical underpinnings of the MSG2 simulation model of the world economy. The MSG2 model is a dynamic general equilibrium model of the world economy which pays particular attention to the relation between stocks and flows and intertemporal constraints. The formation of expectations also plays an important role in the model. In the version presented here the world is divided into the U.S., Japan, Germany, the rest of the EMS, and the rest of the OECD, non-oil developing countries and OPEC.

download in pdf format
   (271 K)

download in djvu format
   (201 K)

email paper

This paper is available as PDF (271 K) or DjVu (201 K) (Download viewer) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w3100

Published: Brookings discussion paper #78, August 1989

Users who downloaded this paper also downloaded these:
McKibbin and Sachs Coordination of Monetary and Fiscal Policies in the Industrial Economies
McKibbin and Sachs w1800 Coordination of Monetary and Fiscal Policies in the OECD
Leeper and Sims Toward a Modern Macroeconomic Model Usable for Policy Analysis
McKibbin, Roubini, and Sachs w2213 Dynamic Optimization in Two-Party Models
Sachs w2897 Social Conflict and Populist Policies in Latin America
 
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