Exchange Rates in Project LINK

Hickman, Bert G.; d’Alcantara, Gonzales

doi:10.1007/978-1-349-17286-3_4

Cited by 4 publications

(3 citation statements)

References 2 publications

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“…Basevi, in Bologna, contributed to the building of the Italian macroeconometric model for LINK (Andreatta et al 1976;Basevi, 29/10/2019, PC). METRIC had been integrated to LINK only in the 1980s (Hickman, 1983). Other Europeans engaged with Project LINK, progressively developing an autonomous multi-country model of the European Economic Community.…”

Section: Large-scale Macroeconometric Modelsmentioning

confidence: 99%

European Economics and the Early Years of the International Seminar on Macroeconomics

Goutsmedt¹,

Renault²,

Sergi³

2021

Revue d'Économie Politique

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The International Seminar on Macroeconomics (ISoM) is an annual conference, which was co-sponsored during 15 years (1978)(1979)(1980)(1981)(1982)(1983)(1984)(1985)(1986)(1987)(1988)(1989)(1990)(1991)(1992)(1993) by the French EHESS and the NBER. This article uncovers the scientific and institutional dynamics unrolling from this cooperation. We argue that the ISoM contributed greatly to the making of a European network of economists sharing similar professional and intellectual standards: indeed, the Seminar gathered macroeconomists who were leading the development of this European network.We illustrate how the ISoM stood at the crossroad of two types of 'internationalisation' of economics: the integration of European national communities and the process of 'Americanisation' of economics. While existing literature on 'internationalisation' focuses on the national level, our contribution investigates the European level. Moreover, we unveil how two research programmes in macroeconomics (namely the disequilibrium theory and large-scale macroeconometric modelling) played a significant role in this process.

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Section: Large-scale Macroeconometric Modelsmentioning

confidence: 99%

European Economics and the Early Years of the International Seminar on Macroeconomics

Goutsmedt¹,

Renault²,

Sergi³

2021

Revue d'Économie Politique

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show abstract

“…Basevi, in Bologna, contributed forging the Italian macroeconometric model for LINK (Andreatta et al 1976;Basevi, 29/10/2019, PC). METRIC had been integrated to LINK only in the 1980s (Hickman, 1983). Other Europeans engaged with Project LINK, progressively developing an autonomous multi-country model of the European Economic Community.…”

Section: Large-scale Macroeconometric Modelsmentioning

confidence: 99%

European Economics and the Early Years of the 'International Seminar on Macroeconomics'

2019

View full text Add to dashboard Cite

The International Seminar on Macroeconomics (ISoM) is an annual conference, which was co-sponsored, during 15 years (1978-1993) by the French EHESS and the NBER. This article uncovers the scientific and institutional dynamics unrolling from this cooperation. The ISoM, we argue, constituted a decisive step towards the making of a European network of economists, sharing a distinctive style of economics, insofar that the Seminar gathered macroeconomists who were leading the development of this European network. We illustrate how the ISoM stands at the crossroad of two types of 'internationalisation' of economics: on the one hand, the integration of European national communities; on the other hand, the process of 'Americanisation' of economics. While existing literature on 'internationalisation' focuses on the national level, our contribution investigates its European level. Moreover, we unveils the key role played in this process by macroeconomics-and more specifically, large-scale macroeconometric modelling on the one hand, and the disequilibrium theory on the other hand. These two approaches provided a common research agenda and shared scientific standards for the emerging network.

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“…Amano, 1981), the U.S. Federal Reserve MCM Model (e.g. Hooper, Haas, and Symansky, 1981), the Mark III International Transmission Model (Darby, 1980), the Project LINK model (Hickman, 1981), the IMF's MERM model (Artus and McGuirk, 1981), and the WEXRAM model (Armington, 1980;Richard, 1980). single-equation results for the alternative models of the exchange rate; section 3 describes the basic structure of the macro model, section 4 presents the results of the macroeconomic evaluations, and section 5 concludes the paper.…”

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confidence: 99%

Macroeconomic Implications of Alternative Exchange-Rate Models

Helliwell

Boothe

Vuchelen³

1983

Exchange Rates in Multicountry Econometric Models

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In building the MACE model described in Helliwell, Boothe, and McRae (1982), and Helliwell et aL (1982), we have had the collaboration of Robert McRae and extensive financial support from the Social Sciences and Humanities Research Council of Canada. In revising the paper, we have made use of helpful coimnents from our discussant, Josef Vuchelen, as well as from other participants in the Leuven conference. The research reported here is part of the NBER's research program in International Studies.

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Exchange Rates in Project LINK

Cited by 4 publications

References 2 publications

European Economics and the Early Years of the International Seminar on Macroeconomics

European Economics and the Early Years of the International Seminar on Macroeconomics

European Economics and the Early Years of the 'International Seminar on Macroeconomics'

Macroeconomic Implications of Alternative Exchange-Rate Models

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