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The New Version of the Model MZE, Macroeconometric Model for the Eurozone
BARLET, M.; CLERC, M.-É.; GARNERO, M.; LAPÈGUE, V.; … - Département des Études Économiques d'Ensemble (D3E), … - 2011
This paper presents the main improvements carried out to the macroeconometric model MZE since its creation in 2003. We have back-calculated the series over the period 1980-1995, in order to make the model more stable. To our knowledge, this paper is the first application of Kllians (1998) method...
Persistent link: https://www.econbiz.de/10009364398
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The impact of real exchange rate volatility on economic growth: Kenyan evidence
Musyoki, Danson; Pokhariyal, Ganesh P. - In: Business and Economic Horizons (BEH) 7 (2012) 1, pp. 59-75
This paper examines the impact of real exchange rate volatility on economic growth in Kenyan. The study employed the … on economic growth for the period January 1993 to December 2009. Data for the study was collected from Kenya National … RER Volatility reflected a negative impact on economic growth of Kenya. …
Persistent link: https://www.econbiz.de/10010732568
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A structural macro-econometric model of the Maltese economy
Grech, Aaron George; Grech, Owen; Micallef, Brian; … - Volkswirtschaftliche Fakultät, … - 2013
This paper presents a structural macro-econometric model of the Maltese economy developed at the Modelling & Research Office of the Central Bank of Malta during 2012. This model is small-scale, consisting of 19 behavioural equations (estimated on quarterly data from 2000 to 2011) and 130...
Persistent link: https://www.econbiz.de/10010636788
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Time to Reject the Privileging of Economic Theory Over Empirical Evidence? A Reply to Lawson (2009)
Juselius, Katarina - 2009
The present financial and economic crisis has revealed a systemic failure of academic economics and emphasized the need to re-think how to model economic phenomena. Lawson (2009) seems concerned that critics of standard models now will fill academic journals with contributions that make the same...
Persistent link: https://www.econbiz.de/10014204400
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The Effect of Past and Future Economic Fundamentals on Spending and Pricing Behavior in the Frb/Us Macroeconomic Model
von zur Muehlen, Peter - 2015
private inventories. The pricing equations are those for the price level and wage growth. In addition FRB/US has one PAC …
Persistent link: https://www.econbiz.de/10014134113
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The Effect of Past and Future Economic Fundamentals on Spending and Pricing Behavior in the FRB/US Macroeconomic Model
von zur Muehlen, Peter - 2022
private inventories. The pricing equations are those for the price level and wage growth. In addition FRB/US has one PAC …
Persistent link: https://www.econbiz.de/10014080553
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Taxes, Financial Assets, and the Dynamic General Equilibrium Implications of FRB/US
Von zur Mühlen, Peter - 2022
This paper derives a general-equilibrium model from assumptions that mimic those embodied in the Federal Reserve Board's Quarterly Model of the United States (FRB/US). The aim is to produce a conceptual framework with which to analyze the dynamic and steady-state properties of the newly...
Persistent link: https://www.econbiz.de/10013404058
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Fiscal policy in the semi-structural model ECB-BASE
Bańkowski, Krzysztof - 2023
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
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Fiscal Policy in the Semi-Structural Model ECB-Base
Bańkowski, Krzysztof - 2023
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/10014355745
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Bautin Bifurcation in a Kaldor Kalecki model
Mehlab, Stefano; Orlando, Giuseppe - 2023
Kaldor-Kalecki model is one of the first models that use non-linear functions to explain the chaotic behaviour of the economic system. Re-elaborating the model we tried to prove the existence of a Bautin bifurcation for the discrete version of the model with an adaptation of the mathematical...
Persistent link: https://www.econbiz.de/10014255882