Research Discussion Paper – RDP 8901 The World Economy from 1979 to 1988: Results from the MSG2 Model



The author thanks Tim Long for very capable assistance and Paul Masson, Dirk Morris, John Williamson and colleagues at the Reserve Bank for helpful discussions and comments. This paper forms the basis of Chapter 6 from a joint project with Jeffrey Sachs entitled “Macroeconomic Interdependence and Cooperation in the World Economy”. The views expressed are those of the author and do not necessarily reflect the views of the Reserve Bank of Australia. [*]