Econometric Modelling at the Bank of Greece
At the Bank of Greece econometric modelling started in 1975 when the Bank’s first model of the Greek economy was developed under the leadership of the now Governor of the Bank Nicholas C. Garganas. The model was extensively used for many years in forecasting as well as in policy analysis and proved to be an indispensable tool for the policy decisions of the Bank over a broad spectrum of issues. Model development at the Bank of Greece is an ongoing activity fuelled by the changes in the economy as well as by modelling theoretical advances. This paper describes and documents the use as well as the properties (through a set of standard simulation results) of the current version of the Bank of Greece model.
|Date of creation:||Jun 2004|
|Date of revision:|
|Publication status:||Published in Econometric Models of the Euro-Area Central Banks, G. Fagan and J. Morgan (eds). Chapter 10, pp. 172-190. Edward Elgar Publishing Limited (2005). Titled "The Econometric Model of the Bank of Greece".|
|Contact details of provider:|| Web page: http://www.bankofgreece.gr|
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"Changes in Financial Structure and Asset Price Substitutability: A Test of the Bank Lending Channel,"
05, Bank of Greece.
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