Working Paper 09-03 - The international transmission of shocks - Some selected simulations with the NIME model
AbstractThe macro-econometric nime model is one of the analytical tools used by the Belgian Federal Planning Bureau to improve its understanding of developments in the Belgian international economic environment. This paper shows some concrete applications with this model by analysing the spill-over effects of shocks from the United States (us) to the euro area and the rest of the world. The shocks we investigate are a temporary increase in public expenditures in the us, a us-led world-wide permanent increase in total factor productivity, an increase in the risk premium in the us stock market, and a temporary 1 percentage point increase in the us short-term interest rate. Here, we will discuss how these shocks affect economic activity in the us and how they are transmitted to the euro area. Such an analysis can be useful because it catalogues answers to questions which are often posed by economists who want to assess their medium term projection of the euro area economy.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Federal Planning Bureau, Belgium in its series Working Papers with number 0309.
Date of creation: 01 Sep 2003
Date of revision:
Euro area exchange rate regime; Fiscal consolidation; Monetary easing ; Technology shock;
Find related papers by JEL classification:
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
- E0 - Macroeconomics and Monetary Economics - - General
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dominique van der Wal).
If references are entirely missing, you can add them using this form.