Angelini, Elena (contributor); … - 2006
-multi-country model (MCM). The model is used regularly as an input into Eurosystem projection exercises and, to a lesser extent, in … MCM country blocks (in terms of specic̄ation and accounting framework). The MCM is a quarterly estimated structural … macroeconomic model that treats the economy in a relatively closed manner. It has a long-run classical equilibrium with a vertical …