@article{Structure:4180, recid = {4180}, author = {Helliwell, John F. and Shapiro, Harold T. and Sparks, Gordon R. and Stewart, Ian A. and Gorbet, Frederick W. and Stephenson, Donald R.}, title = {The Structure of RDX2 Part 1 and 2}, publisher = {Bank of Canada}, address = {1971}, pages = {2 online resource (various paginations)}, note = {This study was prepared as part of the econometric research programme of the Research Department of the Bank of Canada,}, abstract = {The publication of The Structure of RDX2 marks completion within the Research Department of the Bank of Canada of a new quarterly model of the Canadian economy. RDX2 is a much larger and more flexible tool than its predecessor, RDX1. There are almost three times as many estimated behavioural relationships in RDX2 as in RDX1, and the underlying structure of almost every sector is different. As with RDX1, RDX2 is intended to be a vehicle for realistic short- and medium-term simulation of alternative policy choices open to government; hence particular attention has been paid to the elaboration of the government and monetary sectors of the model and to their integration with the total economy. In addition, RDX2 differs most markedly from RDX1 in the expanded treatment given to Canada's international trade and capital flow relationships. This expanded treatment of the international sector of the model arises from a desire to represent more adequately the international repercussions of foreign and domestic events and policies, and, derivative from this, our undertaking to link RDX2 with the large scale MPS model of the U.S. economy.}, url = {http://www.oar-rao.bank-banque-canada.ca/record/4180}, doi = {https://doi.org/10.34989/srs-7}, }