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...

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Bibliographic Details
Main Author: Laxton, Douglas
Other Authors: Bayoumi, Tamim, Coe, David
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/095
Online Access:Full text available on IMF