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Evaluating global macroeconomic models : a case study of MULTIMOD (Английский)

This paper is a contribution to the understanding of global interconnections through the evaluation and validation of the capabilities and properties of MULTIMOD, a multiregional macroeconomic model, developed and maintained at the International Monetary Fund. The author finds the model relatively small and simple in its theoretical specification, but advanced in its modeling techniques, exemplified by its "forward looking" features. This property...
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