Abstract
The goal of this paper is to obtain consistent specifications for domestic, export, and import price equations for use in the multicountry model project being undertaken by Quantitative Studies Section. The multi-country model, described in [3], consists of small-scale macroeconomic sub-models for the United States, Canada, Japan, Germany, and the United Kingdon linked together to capture international economic and financial interactions. The domestic and export price equations are derived from the structure of the prototype country sub-model. The import price equation is developed as a weighted average of the appropriate exporting countries' export prices and exogenours price of primary products.
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