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A macroeconomic model of aggregate supply and demand for the UK

Authors
Journal
Economic Modelling
0264-9993
Publisher
Elsevier
Publication Date
Volume
3
Issue
4
Identifiers
DOI: 10.1016/0264-9993(86)90027-1
Keywords
  • Macroeconometric Model
  • Uk
  • Aggregate Supply

Abstract

Abstract In this paper we publish for the first time the econometric model of the UK economy recently developed at City University Business School (CUBS). The differentiating feature of the CUBS model is its concern with the ‘supply side’ and its attempt to estimate an aggregate production function. The model distinguishes between markets in goods and services, labour, capital, money and foreign exchange.

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