search query: @author Beenstock, M. / total: 22
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| Author: | Beenstock, M. |
| Title: | An aggregate model of output, inflation and interest rates for industrialised countries |
| Journal: | Weltwirtschaftliches Archiv
1988 : VOL. 124:3, p. 403-419 |
| Index terms: | ECONOMETRIC MODELS MACROECONOMIC MODELS |
| Language: | eng |
| Abstract: | This is an aggregate model of output, inflation and rate of interest for industrialised countries. It is estimated with yearly data for the post-World War II period. The model has equations for GDP, inflation, interest rate and commodity prices (except for the price of oil). GDP and its deflator depend on supply and demand, whereas primary product prices are in a positive relationship with output and real oil prices and a negative one with real interest. The latter depends on supply and demand of fixed assets, on portfolio composition and output. |
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