Showing 1 - 10 of 16
Using real-time data from the annual budget over the period 1958-2009, we explore the planning and realization of fiscal policy in the Netherlands . Our key findings are the following. First, planned surpluses are on average unbiased, although they are overoptimistic during the first half of the...
Persistent link: https://www.econbiz.de/10008466135
Generations (OLG) model. The participants of the experiment are students of the University of Amsterdam, who predict inflation … during 50 successive periods and are rewarded based on their accuracy. We include a central bank in the OLG model which …
Persistent link: https://www.econbiz.de/10008507034
macroeconomic structural model EUROMON of the Nederlandsche Bank. In the baseline projection the economic effects of a fall in Asian …
Persistent link: https://www.econbiz.de/10005030236
This paper evaluates the cyclicality, inertia and effect of EU accession on fiscal policy in Central and Eastern Europe using a real time dataset. Budget balances are found to react in a stabilising way to economic activity, and they are less inert than is typically found in Western Europe....
Persistent link: https://www.econbiz.de/10004963329
bond yields in the European Union. Our model predicts that risk premia contained in government bond spreads should increase …
Persistent link: https://www.econbiz.de/10005030205
Institute's Domestic Econometric Model (NiDEM). Sensitivity to different monetary policy regimes and to alternative models of …
Persistent link: https://www.econbiz.de/10005021862
-country model EUROMON. It offers a description of the current version of the model and provides information about its simulation … properties through the analysis of variety of standard scenarios. EUROMON is an estimated multi-country model. The current … the same basis structure. Differences mainly relate to distinct values of model parameters and speeds of adjustment, and …
Persistent link: https://www.econbiz.de/10010756026
model, which explains portfolio shares, while accounting for incomplete portfolios and fixed costs. Our results show that a …
Persistent link: https://www.econbiz.de/10004963331
This paper provides further model-based evidence about the effects of engaging in an Economic and Monetary Union (EMU …
Persistent link: https://www.econbiz.de/10005101869
to date, elaborating upon the model, and making forecasts and running simulations in the near future. …This report describes the macro-econometric model for the Republic of Macedonia MAKMODEL. It documents the main … features of this model that was built by research teams of the Macedonian and Dutch central bank during July 1999 - June 2001 …
Persistent link: https://www.econbiz.de/10005106697