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This paper explains different features of the MULTI-region econometric MODel (MULTIMOD). MULTIMOD is designed to examine the effects on that baseline of scenarios that involve changes in policies in major countries and other exogenous changes in the economic environment. The Mark II version described in this paper disaggregates the larger industrial bloc into its component countries, and, as a result, comprises eight industrial countries/regions and two developing country regions. In addition, some of the equations have been re-specified and re-estimated. The capital exporting countries, primarily high-income oil exporters, are treated separately in simplified form: they are the residual suppliers of oil, whose price is exogenous in real terms, and their exports of other goods are exogenous. The model, because it includes expectations that are consistent with its solution values in later periods, is well suited to evaluate the effects of policies that are announced and credible.

Economic forecasting --- Economic policy --- International finance --- International trade --- Capital movements --- Econometric models. --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Balance of payments --- Foreign exchange --- International monetary system --- International money --- Finance --- International economic relations --- Banks and Banking --- Investments: Commodities --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Interest Rates: Determination, Term Structure, and Effects --- Current Account Adjustment --- Short-term Capital Movements --- Price Level --- Inflation --- Deflation --- Trade: General --- Macroeconomics: Consumption --- Saving --- Wealth --- Currency --- International economics --- Investment & securities --- Nominal effective exchange rate --- Current account balance --- Short term interest rates --- Consumption --- Financial services --- Prices --- National accounts --- Exports --- Real interest rates --- Interest rates --- Economics --- United States

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AA / International- internationaal --- 336.201 --- 380.23 --- 336.204 --- Proceedings presented at the VIIIth Munich Symposium on International Taxation, Munich, 3 July 1989. --- Fiscaal regime: structuur en evolutie. Fiscale hervorming. --- Vorming van internationale prijzen. Internationale gelijkheden en verschillen. Concurrentievermogen. --- weerslag, invloed, last en verdeling van de belasting. --- Capital movements --- Competition, International --- International trade --- Investments, Foreign --- Taxation --- Congresses. --- Congresses --- Proceedings presented at the VIIIth Munich Symposium on International Taxation, Munich, 3 July 1989 --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Balance of payments --- Foreign exchange --- International finance --- Fiscaal regime: structuur en evolutie. Fiscale hervorming --- weerslag, invloed, last en verdeling van de belasting --- Vorming van internationale prijzen. Internationale gelijkheden en verschillen. Concurrentievermogen

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Balance des paiements --- Mouvements des capitaux --- Tr. de l'anglais. --- AA / International- internationaal --- 333.602 --- 382.242.0 --- 382.242.2 --- 382.242.1 --- 382.20 --- Capital movements --- Balance of payments --- Change --- Foreign exchange --- International finance --- 332.042 --- International monetary system --- International money --- Finance --- International economic relations --- Cambistry --- Currency exchange --- Exchange, Foreign --- Foreign currency --- Foreign exchange problem --- Foreign money --- Forex --- FX (Finance) --- International exchange --- Currency crises --- Ontology --- Catastrophical, The --- Current account balance (International trade) --- International payments, Balance of --- Terms of trade --- Balance of trade --- International liquidity --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Activiteiten en evolutie van de financiële markten. --- Balans van het kapitaalverkeer: algemeenheden. --- Bewegingen van kortlopend kapitaal. --- Bewegingen van langlopend kapitaal. --- Internationale betalingen en betalingsbalans: algemeenheden. --- Change. --- Mouvements de capitaux --- Finances internationales --- Tr. de l'anglais --- Activiteiten en evolutie van de financiële markten --- Balans van het kapitaalverkeer: algemeenheden --- Bewegingen van kortlopend kapitaal --- Bewegingen van langlopend kapitaal --- Internationale betalingen en betalingsbalans: algemeenheden

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AA / International- internationaal --- 334.151.27 --- Europees monetair stelsel. --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.10 --- 331.31 --- 333.846.0 --- Algemene economie : algemeenheden. --- Economisch beleid. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- 333.825 --- 334.151.26 --- Deviezenpolitiek. Interventies. --- Toezicht op het kapitaalverkeer in de Europese Gemeenschappen. --- 334.151.54 --- Werkgelegenheid en werkloosheid in de Europese Gemeenschappen. --- Capital movements --- Euro-dollar market --- Monetary policy --- Monetary unions --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Balance of payments --- Foreign exchange --- International finance --- Eurocurrency market --- Market, Euro-dollar --- Banks and banking, International --- Congresses --- Economisch beleid --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Algemene economie : algemeenheden --- Europees monetair stelsel --- Toezicht op het kapitaalverkeer in de Europese Gemeenschappen --- European Union countries --- Monetary policy - European Economic Community countries - Congresses. --- Monetary unions - European Economic Community countries - Congresses. --- Capital movements - European Economic Community countries - Congresses. --- Euro-dollar market - Congresses. --- Werkgelegenheid en werkloosheid in de Europese Gemeenschappen --- Deviezenpolitiek. Interventies --- Système monétaire