Leal, Teresa; Pérez, Javier J.; Tujula, Mika; Vidal, … - 2007
Commission’s QUEST model in Roeger and in’t Veld (1997), IMF’s MULTIMOD in Laxton et al. (1998), and Eurosystem
models in Fagan … model mis-specification on the fiscal side.
12 Other alternative tests in … have in mind the following (linearised) recursive model when
building up their projections in a given year t at horizon j …