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VAR MODELS FOR ECONOMIC POLICY TARGETS OF OECD COUNTRIES IN 1990-2016. ASSUMPTIONS AND ESTIMATION RESULTS

100%

Błaszczuk D., Landmesser J.

Metody Ilościowe w Badaniach Ekonomicznych

2017

vol. 18

issue 3

408-417

Paper presents estimation results of three-equational VAR models separate for every of 34 OECD countries. The variables of every model are economic policy targets

Okun’s Law in OECD Countries in 1990 – 2013

61%

Błaszczuk D. J.

Metody Ilościowe w Badaniach Ekonomicznych

2014

vol. 15

issue 2

47-63

Politicians try to reach targets that usually contradict. It leads to lack of optimal long-term equilibrium. The main target should be the maximal growth rate of GDP and other targets should remain within predetermined limits. Politicians should influence relations between every two targets. Empirical study of relations between unemployment and GDP growth rates is done for every OECD country basing on quarterly data for 20 years. According to the results of the investigation countries are put into “strategic groups”. Paper ends with preliminary proposals for economic policy makers.

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2 Metody Ilościowe w Badaniach Ekonomicznych

1 Błaszczuk D.

1 Błaszczuk D. J.

1 Landmesser J.

1 2017

1 2014

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VAR MODELS FOR ECONOMIC POLICY TARGETS OF OECD COUNTRIES IN 1990-2016. ASSUMPTIONS AND ESTIMATION RESULTS

Okun’s Law in OECD Countries in 1990 – 2013