Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model

Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model
This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF's multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic research and development (R&D) expenditures, R&D... READ MORE...

Publication date: June 1998
ISBN 9781451851793
$15.00

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