Some simulation properties of the major euro area economies in MULTIMOD
AbstractThis paper was prepared as part of a euro area macroeconomic model comparisons project. Four standard macroeconomic experiments are considered to illustrate the differences in dynamic adjustment properties of two versions of MULTIMOD, the IMF''s multicountry macroeconomic model. One version of MULTIMOD that is examined contains separate country blocks for the three major economies in the euro area, Germany, France, and Italy. The second, more recent version, contains a single block describing the behavior of the whole euro area.
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Bibliographic InfoArticle provided by Elsevier in its journal Economic Modelling.
Volume (Year): 21 (2004)
Issue (Month): 5 (September)
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Web page: http://www.elsevier.com/locate/inca/30411
Other versions of this item:
- Douglas Laxton & Ben Hunt, 2003. "Some Simulation Properties of the Major Euro Area Economies in Multimod," IMF Working Papers 03/31, International Monetary Fund.
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