Econometric Models of the Euro-area Central Banks - Hardcover

Hardcover

ISBN 10: 1845424867 ISBN 13: 9781845424862

Publisher: Edward Elgar Publishing Ltd, 2005

Synopsis

This book provides a description of the main macroeconomic models used by the European Central Bank and the euro area national central banks (Eurosystem). These models are used to help prepare economic projections and scenario analysis for individual countries and the euro area as a whole. The volume takes stock of the current macroeconometric modelling infrastructure available within the Eurosystem, highlighting not only the structures and main features of the models used but also their purposes and underlying model-building philosophies. A `bird's eye view' of the key details of the design, structure and characteristics of the models is provided, along with information on the responses of these models to a series of standard economic and policy shocks. This is the first time that a comprehensive description and systematic comparison of the main macroeconomic models has been published. This book will be of great interest to Central Bank and government economists, as well as academics, economists and students with an interest in central banking, econometric modelling, forecasting and macroeconomic policy.

About this title

From the Author:

Edited by Gabriel Fagan, Head, Monetary Policy Research Division and Julian Morgan, Deputy Head, Econometric Modelling Division, Directorate General Research, European Central Bank, Germany

About this edition

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2005
• ISBN 10: 1845424867
• ISBN 13: 9781845424862
• Binding: Hardcover
• Number of pages: 336
• Editor: Fagan Gabriel, Morgan Julian