Narrow search
Showing 1 - 2 of 2
Cover Image
Forecasting with DSGE models
Christoffel, Kai; Coenen, Günter; Warne, Anders - 2010
growth over the forecast evaluation period and, therefore, it tends to overestimate nominal wages. As a consequence, both the …
Persistent link: https://www.econbiz.de/10003972991
Cover Image
The New Area-Wide Model II : an extended version of the ECB's micro-founded model for forecasting and policy analysis with a financial sector
Coenen, Günter; Karadi, Peter; Schmidt, Sebastian; … - 2018
This paper provides a detailed description of an extended version of the ECB's New Area-Wide Model (NAWM) of the euro area (cf. Christoffel, Coenen, and Warne 2008). The extended model - called NAWM II - incorporates a rich financial sector with the threefold aim of (i) accounting for a genuine...
Persistent link: https://www.econbiz.de/10011928964