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ECB macroeconometric models for forecasting and policy analysis : development, current practices and prospective challenges

Ciccarelli, Matteo (ed.); Darracq Pariès, Matthieu (ed.); … - 2024

This paper takes stock of the ECB's macroeconometric modelling strategy by focusing on the models and applications used in the Forecasting and Policy Modelling Division. We focus on the guiding principles underpinning the current portfolio of the main macroeconomic models and illustrate how they...