International Investment-Income Determination in INTERLINK Models for 23 OECD Countries and Six Non-OECD Regions

This paper presents the specification of an investment-income model for 23 OECD countries and six non-OECD regions. The basic structure of the model -- an effective rate of return applied to the stock of foreign assets and liabilities -- is relatively simple and straightforward. A central distinctio...

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Bibliographic Details
Main Author: Coe, David T. (-)
Other Authors: Herd, Richard, Bonnefous, Marie-Christine
Format: eBook Section
Language:Inglés
Published: Paris : OECD Publishing 1987.
Series:OECD Economics Department Working Papers, no.45.
Subjects:
See on Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706026006719
Description
Summary:This paper presents the specification of an investment-income model for 23 OECD countries and six non-OECD regions. The basic structure of the model -- an effective rate of return applied to the stock of foreign assets and liabilities -- is relatively simple and straightforward. A central distinction is made between dollar and non-dollar denominated foreign assets and liabilities and matrices giving estimates of the currency composition of these stocks are reported. Estimation and simulation results for the investment-income model are presented ...
Physical Description:1 online resource (54 p. )