Discussion Papers, Policy Papers, Books & Reports, Bulletin, Newsletter, Economic Policy Lunchtime Meetings, Workshops & Conferences, Events Diary, Previous Events Programme Areas, Current Research Projects, Networks, Vacancies Programme Directors, Researchers Lists, Noticeboard Press Releases, Coverage, Request a Press Release Data?, Resources for Economists, Data on Other sites Membership information Login, Create a Profile, Profile Benefits, Your Profile Settings, Forgot Your Password? Site Map, How to find us, How to Order Publications, Privacy Policy, Feedback How to find us, Frequently Asked Questions, ESRC Site Guide, Frequently Asked Questions, Vacancies, How to Search Site Map, How to find us, How to Order Publications, Privacy Policy, Feedback CEPR Home Page You have items in your shopping cart. Click to view your cart
Google


DP164 An Aggregate Model of Output, Inflation and Interest Rates for Industrialised Countries

Author(s): Michael Beenstock
Publication Date: March 1987
Keyword(s): Commodity Prices , GDP , Loanable Funds , Oil Prices , Portfolio Balance Effect , World Capital Market
JEL(s): 122 , 131 , 132 , 134 , 212 , 431 , 441
Programme Areas: International Macroeconomics
Link to this Page: www.cepr.org/pubs/dps/DP164.asp


We estimate an aggregate econometric model of the industrial economies using annual data drawn from the postwar period. The model includes equations for GDP, inflation, interest rates and non-oil commodity prices. GDP and inflation reflect the evolution of aggregate supply and demand while commodity prices vary directly with economic activity and real oil prices and inversely with real interest rates. The latter depend upon the supply and demand for loanable funds in the world capital market as well as portfolio balance effects and economic activity.

Full text Search:
Enter a DP Number:

Access other features of the site by loging in with your personal profile. Purchase a printed copy of the paper. How to subscribe to the CEPR Discussion Paper series Send an email to a colleague with details of the paper. Obtain Plain Text details of this paper which you can copy in to a word document or email allowing you to easily cite this paper! Help in purchasing and downloading papers. CEPR RSS feeds information page.

Your current location: Publications > Discussion Papers
Top CEPR, 53-56 Great Sutton Street, London EC1V 0DG
United Kingdom.
Tel: +44 (0)20 7183 8801     Fax: +44 (0)20 7183 8820
Email: cepr@cepr.org     Webmaster: webmaster@cepr.org 		Home
With the support of the European Union: Support for bodies active at European level in the field of active European citizenship