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Empirical determination of aggregate demand and supply curves: The example of the RWI Business Cycle Model
Heilemann, Ullrich; Findeis, Hagen - In: Economic Modelling 29 (2012) 2, pp. 158-165
comparisons. This paper uses the AD/AS–IS/LM apparatus to analyse the simulation properties of the RWI (Rheinisch …
Persistent link: https://www.econbiz.de/10011048911
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Besser geht's nicht - Genauigkeitsgrenzen von Konjunkturprognosen As Good as it Gets - Limits of Accuracy of Macroeconomic Short Term Forecasts
Heilemann, Ullrich - In: Journal of Economics and Statistics (Jahrbuecher fuer … 224 (2004) 1-2, pp. 51-64
The paper aims at determining upper boundaries of accuracy ("error minima") for German macroeconomic forecasts. The study is based on simulations with the RWI-model, a medium sized macroeconometric model for the FRG. A first upper limit of forecast accuracy is fixed by the accuracy of...
Persistent link: https://www.econbiz.de/10008596486
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A Simulation Model of Federal, Provincial and Territorial Government Accounts for the Analysis of Fiscal-Consolidation Strategies in Canada
Guillemette, Yvan - Economics Department, Organisation de Coopération et … - 2010
This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments … are found to have had pro-cyclical fiscal policies over this period.<P>Un modèle de simulation des comptes gouvernementaux … travail présente un modèle de simulation des principaux agrégats budgétaires des gouvernements fédéral, provinciaux et …
Persistent link: https://www.econbiz.de/10008548955
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A macro-micro econometric model for the italian labour market
Baussola, Maurizio; Barbieri, Laura; Mussida, Chiara - In: Rivista Internazionale di Scienze Sociali 121 (2013) 1, pp. 5-30
In this paper we propose a new macro-micro econometric framework which incorporates both aggregate labour demand and supply, and the labour market flows which determine the steady-state unemployment rate. Thus, we can simulate either demand or supply shocks and therefore assess their impacts on...
Persistent link: https://www.econbiz.de/10010786780
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The OECD's New Global Model
Hervé, Karine; Pain, Nigel; Richardson, Pete; … - Economics Department, Organisation de Coopération et … - 2010
This paper provides a summary of the OECD’s new global macroeconometric model, including an overview of model structure and a selection of simulations illustrating its main properties. Compared with its predecessors, the new model is more compact and regionally aggregated, but gives more...
Persistent link: https://www.econbiz.de/10008542501
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Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal
Schneider, Jan-David; Giorno, Claude - Economics Department, Organisation de Coopération et … - 2014
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying...
Persistent link: https://www.econbiz.de/10011276951
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Japan's Challenging Debt Dynamics
Guillemette, Yvan; Strasky, Jan - Economics Department, Organisation de Coopération et … - 2013
Economic Outlook. A small simulation model is used to evaluate the contribution that the three pillars of the government … modèle de simulation de petite taille est utilisé pour évaluer dans quelle mesure les trois piliers de la stratégie …
Persistent link: https://www.econbiz.de/10011276798
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Globalisation and Inflation in the OECD Economies
Pain, Nigel; Koske, Isabell; Sollie, Marte - Economics Department, Organisation de Coopération et … - 2006
Over the past 25 years inflation has moderated considerably in all OECD economies. At the same time, the production of many goods and services has become increasingly internationalised and the level of trade between the OECD and non-OECD economies has risen markedly. This paper investigates the...
Persistent link: https://www.econbiz.de/10005046203
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Macroeconomic effects of high oil prices on the Swiss economy: 2003–2008
Atukeren, Erdal - In: International Journal of Sustainable Economy 3 (2011) 1, pp. 1-19
simulation results indicate that high oil prices still had a non-negligible negative impact on economic performance despite the …
Persistent link: https://www.econbiz.de/10009352637
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Globalisation, EU enlargement and income distribution
Breuss, Fritz - In: International Journal of Public Policy 6 (2010) 1/2, pp. 16-34
Advanced industrial countries have been exhibiting a steady decline of the labour income shares in the last two decades. We explain this phenomenon by resorting to the old Stolper-Samuelson theorem. The conclusions concerning the impact of free trade on the income distribution are unambiguous in...
Persistent link: https://www.econbiz.de/10010670272