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Comparing empirical models of the euro economy
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UNSPECIFIED (2004) Comparing empirical models of the euro economy. In: CEPR/ZEI Conference on Empirical Models of the Euro Area Economy, Bonn, GERMANY, JUN 07-08, 2002. Published in: ECONOMIC MODELLING, 21 (5). pp. 735-758. doi:10.1016/j.econmod.2003.10.003 ISSN 0264-9993.
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Official URL: http://dx.doi.org/10.1016/j.econmod.2003.10.003
Abstract
This article presents a comparative analysis of four macroeconometric models whose proprietors participated in a model comparison conference focused on the new euro area economy One model, the Afea-Wide Model recently developed at the European Central Bank, treats the whole area as a single economy. The other three, MULTIMOD, NIGEM and QUEST, are established multicountry models that provide disaggregated analysis of questions of economic policy in Europe. Their structural characteristics and the results of two policy simulations are compared and contrasted. The principal source of simulation differences is the different degree of forward-looking behaviour incorporated in the models. (C) 2003 Elsevier B.V. All rights reserved.
Item Type: | Conference Item (UNSPECIFIED) | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | ECONOMIC MODELLING | ||||
Publisher: | ELSEVIER SCIENCE BV | ||||
ISSN: | 0264-9993 | ||||
Official Date: | September 2004 | ||||
Dates: |
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Volume: | 21 | ||||
Number: | 5 | ||||
Number of Pages: | 24 | ||||
Page Range: | pp. 735-758 | ||||
DOI: | 10.1016/j.econmod.2003.10.003 | ||||
Publication Status: | Published | ||||
Title of Event: | CEPR/ZEI Conference on Empirical Models of the Euro Area Economy | ||||
Location of Event: | Bonn, GERMANY | ||||
Date(s) of Event: | JUN 07-08, 2002 |
Data sourced from Thomson Reuters' Web of Knowledge
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