The main obstacles to coordinating policies in practice are uncertainty about the correct model to use for policy design, and uncertainty about external variables. This paper examines the former problem. Numerical calculations using ten models from the recent Brookings Multicountry comparison...

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...

Cette étude porte sur la "ventilation" des variations de la croissance du revenu nominal entre la croissance réelle et l'inflation. Elle présente une analyse descriptive des données de la période d'après-guerre ainsi qu'une analyse par régression qui postule l'existence d'une ventilation...

This paper is a review of the theory and practice of international economic policy coordination. Coordination is defined as the joint control of some economic policies by several countries. We review the experience and the preferences of policymarkers for coordination since the War, and...

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...