1 / 5

The MSG-Cubed (NAB) model

The MSG-Cubed (NAB) model. Countries. United States Japan United Kingdom Euro Area Australia New Zealand Reset of OECD China India Other Asia Latin America OPEC Eastern Europe and former Soviet Union Other Developing Countries. Sectors. Energy Mining Agriculture

santa
Download Presentation

The MSG-Cubed (NAB) model

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The MSG-Cubed (NAB) model

  2. Countries • United States • Japan • United Kingdom • Euro Area • Australia • New Zealand • Reset of OECD • China • India • Other Asia • Latin America • OPEC • Eastern Europe and former Soviet Union • Other Developing Countries

  3. Sectors Energy Mining Agriculture Durable Manufacturing Non-Durable Manufacturing Services Capital producing sector

  4. Key Features • Significant dis-aggregation of the demand and supply side of the major economies ; • demand and supply equations are based on a combination of intertemporal optimizing behavior and liquidity constrained behavior; • Explicit treatment of asset market • Sticky wages based on labour market institutions imply unemployment can persist for many years

  5. Key Features • Distinction between stickiness of physical capital within sectors and countries and the flexibility of financial capital which immediately flows to where expected returns are highest • Extensive econometric estimation of key consumption and production substitution elasticities

More Related