Showing 1 - 10 of 22,507
and standard empirical benchmarks. The design is aligned to its role as workhorse model in the context of the forecasting … and policy simulation exercises at the ECB. …
Persistent link: https://www.econbiz.de/10012098167
Fiscal policy constitutes a key tool for business cycle stabilisation next to monetary policy. In this context, having a well-suited macroeconomic model for analysing fiscal policy at a central bank is of primary importance. This paper documents the fiscal block of the ECB-BASE, which is a...
Persistent link: https://www.econbiz.de/10014278636
This paper presents the latest version of the annual econometric model for the Brazilian economy developed by the Group of Macroeconomic Analysis and Modelling (Gamma) at IPEA/DIPES. The model is designed to make medium run projections and policy simulations. The specification of the model is...
Persistent link: https://www.econbiz.de/10014195703
We review the importance of structural modeling for the purposes of simulation of the effects of changes in marketing … Models for Policy Simulation', (forthcoming, Journal of Marketing Research) …
Persistent link: https://www.econbiz.de/10014028950
the econometric model. The last sections present some simulation and forecasting examples. The ultimate aim of MAKMODEL is …
Persistent link: https://www.econbiz.de/10011671798
relatively large and rapid response to shocks. Model simulation reveals that, compared to domestic prices, GDP is more responsive …
Persistent link: https://www.econbiz.de/10012729068
This paper provides an assessment of the macroeconomic models regularly used for forecasting and policy analysis in the …-based analysis for monetary policy preparation and forecasting and provides recommendations and suggestions for improvement. Finally …
Persistent link: https://www.econbiz.de/10012627141
This paper documents the structure, estimation and simulation properties of the Italian block of the ESCB … simulation analysis. The specification of the Italian model follows closely that of the Area-Wide Model (AWM) and indeed the …
Persistent link: https://www.econbiz.de/10013317555
The paper presents the German block of the ESCB multi-country model. It builds on previous modelling work on the Area Wide Model and other country blocks of the ESCB multicountry-model. Whilst being analogous to these models in following a common modelling approach and the same theoretical...
Persistent link: https://www.econbiz.de/10013317558
The paper presents the Dutch country block of the ESCB Multi-Country Model(MCM) for the euro area. We show how a theoretical model is translated into an econometric specification and how this specification is in turn estimated and used in the projection exercises of the E(S)CB. The dynamic...
Persistent link: https://www.econbiz.de/10013317570