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The New Area-Wide Model of the Euro Area : A Micro-Founded Open-Economy Model for Forecasting and Policy Analysis

Christoffel, Kai Philipp - 2008

In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad …

Persistent link: https://www.econbiz.de/10012770293

Euro Area Real-Time Density Forecasting with Financial or Labor Market Frictions

McAdam, Peter - 2018

We compare real-time density forecasts for the euro area using three DSGE models. The benchmark is the Smets …

Persistent link: https://www.econbiz.de/10012921899

Forecasting with DSGE Models

Christoffel, Kai Philipp - 2010

sample covers the period following the introduction of the euro and the out-of-sample performance of the NAWM is compared to …

Persistent link: https://www.econbiz.de/10013144596

Professional Forecasters and the Real-time Forecasting Performance of an Estimated New Keynesian Model for the Euro Area

Smets, Frank - 2013

(2012) estimated on euro area data. It investigates to what extent forecasts of inflation, GDP growth and unemployment by …

Persistent link: https://www.econbiz.de/10013078530

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; … - 2021

This paper provides a detailed description of an extended version of the ECB’s New Area-Wide Model (NAWM) of the euro … lending rates and the gradual interest-rate pass-through in the transmission of monetary policy in the euro area, and (iii …

Persistent link: https://www.econbiz.de/10013315382

Bayesian Inference in Cointegrated VAR Models : With Applications to the Demand for Euro Area M3

Warne, Anders - 2021

parameter matrices. The procedure is applied to a money demand system for the euro area and the results are compared to those …

Persistent link: https://www.econbiz.de/10013317369

Bayesian inference in cointegrated VAR models: with applications to the demand for euro area M3

Warne, Anders - 2006

parameter matrices. The procedure is applied to a money demand system for the euro area and the results are compared to those …

Persistent link: https://www.econbiz.de/10011604738

The New Area-Wide Model of the euro area: a micro-founded open-economy model for forecasting and policy analysis

Christoffel, Kai; Coenen, Günter; Warne, Anders - 2008

In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad …

Persistent link: https://www.econbiz.de/10011604990

Forecasting with DSGE models

Christoffel, Kai; Warne, Anders; Coenen, Günter - 2010

sample covers the period following the introduction of the euro and the out-of-sample performance of the NAWM is compared to …

Persistent link: https://www.econbiz.de/10011605231

Risks to Price Stability, the Zero Lower Bound and Forward Guidance : A Real-Time Assessment

Coenen, Günter - 2013

price stability in the Euro area during the recent financial crisis. Using a formal measure of the balance of risks, which …

Persistent link: https://www.econbiz.de/10013077685