McQuinn, Kieran (Central Bank and Financial Services Authority of Ireland) O’Donnell, Nuala (Central Bank and Financial Services Authority of Ireland) Ryan, Mary (Central Bank and Financial Services Authority of Ireland)
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The Bank’s Macro-Econometric model has recently been revised. This paper outlines the context within which the model was initially built and the reasons for the revision and re-estimation. Compilation of the data used was a key component of the revision and this is described. The general structure of the model is outlined. Key equations are described and estimation issues noted. A discussion on simulating the model is provided along with results from sample simulations. The paper concludes with a discussion of how future work on the model might evolve.
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Paper provided by Central Bank & Financial Services Authority of Ireland (CBFSAI) in its series Research Technical Papers with number
9/RT/05.
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Find related papers by JEL classification: C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
McCoy, Daniel & Duffy, David & Bergin, Adele & Garrett, Shane & McCarthy, Yvonne, 2005.
"Quarterly Economic Commentary, Summer 2005,"
Forecasting Report,
Economic and Social Research Institute (ESRI), number QEC20052, August.
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