文章基本信息

标题：OECD Economic Activity and Non-Oil Commodity Prices
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作者：Gerald Holtham ; Martine Durand
期刊名称：Economics Department Working Papers / OECD
印刷版ISSN：0259-4633
出版年度：1987
卷号：1987
DOI：10.1787/385873764137
出版社：Organisation for Economic Co-operation and Development (OECD)
摘要：This paper gives an overview of the determination of non-oil commodity prices in the Economics and Statistics Department's INTERLINK world model. The practical problems which have been encountered, in particular in the context of full simulations are discussed. Based on a number of statistical tests, a new specification of the commodity price block is proposed. Indices of nominal commodity prices measured in dollars are estimated as functions of OECD economic activity and inflation, U.S. interest rates and oil prices. Compared to the previous system, the new equations are better behaved in a number of respects ...