TY  - JOUR
AU  - McKibbin,Warwick J.
AU  - Sachs,Jeffrey D.
TI  - The McKibbin-Sachs Global Model:  Theory and Specifications
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3100
PY  - 1989
Y2  - September 1989
UR  - http://www.nber.org/papers/w3100
L1  - http://www.nber.org/papers/w3100.pdf
N1  - Author contact info:
Warwick McKibbin
3 Grey Street
Deakin ACT 2600 AUSTRALIA
E-Mail: wmckibbin@msgpl.com.au

Jeffrey D. Sachs
The Earth Institute at Columbia University
314 Low Library
535 West 116th Street, MC 4327
New York, NY  10027
Tel: 212/854-8704
Fax: 212/854-8702
E-Mail: sachs@columbia.edu
AB  - 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.
ER  -