Working Paper 02-06 - An Evaluation of the Risks Surrounding the 2006-2012 NIME Economic Outlook : Illustrative Stochastic Simulations
AbstractIn this Working Paper, we describe how we used stochastic simulation to evaluate the risks surrounding the January 2006 nime Economic Outlook (neo) for the world economy. We summarise the main results by showing confidence intervals around the baseline projection as well as probabilities that certain events will occur. The results presented in this Working Paper are of an illustrative nature and do not constitute an update of the January 2006 nime Economic Outlook.
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Bibliographic InfoPaper provided by Federal Planning Bureau, Belgium in its series Working Papers with number 0602.
Date of creation: 15 Apr 2006
Date of revision:
Macroeconometric world model; Stochastic simulation; Euro area; World economy; Outlook;
Find related papers by JEL classification:
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
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