Introducing Exchange-Rate Equations into a World Econometric Model.

Journal article

The National Institute of Economic and Social Research's world econimc forecasts are for the first time produced with the aid of a large quarterly econometric model. The model is based on the World Economic Prospects (WEP) model which has been operated and developed by economists in HM Treasury for more than a decade. However, exchange rates in WEP are exogenous, and this article discusses the estimation of an exchange-rate system for the model and its implications in terms of overall model properties.

Authors: Wren-Lewis, S

• Journal: National Institute Economic Review
• Volume: 119
• Issue: 1
• Pages: 57 - 67
• Publication date: 1987-01-01
• DOI: 10.1177/002795018711900105
• ISSN: 0027-9501
• Language: English