In this paper we develop a small open economy model explaining the joint determination of output, inflation, interest rates, unemployment and the exchange rate in a multi-country framework. Our model – the Halle Economic Projection Model (HEPM) – is closely related to studies recently...

Das Themenspektrum der empirischen Wirtschaftsforschung ist breit gefächert. Nicht nur die Wirtschaftstheorie, sondern auch die Ökonometrie und Wirtschaftsstatistik spielen eine zentrale Rolle. Die Festschrift für Professor Ullrich Heilemann versammelt dazu 30 Fachaufsätze anerkannter...

INFORGE is a German interindustry forecasting model, that is based on the INFORUM philosophy. It has been used in a wide range of applications in the last years and is updated annually. The structure of the model is explained in detail. It contains an input-output module, an SNA and financial...