IDEAS home Printed from
   My bibliography  Save this paper

Working Paper 09-03 - The international transmission of shocks - Some selected simulations with the NIME model


  • Eric Meyermans


The 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.

Suggested Citation

  • Eric Meyermans, 2003. "Working Paper 09-03 - The international transmission of shocks - Some selected simulations with the NIME model," Working Papers 0309, Federal Planning Bureau, Belgium.
  • Handle: RePEc:fpb:wpaper:0309

    Download full text from publisher

    File URL:
    File Function: english version
    Download Restriction: no

    More about this item


    Euro area exchange rate regime; Fiscal consolidation; Monetary easing ; Technology shock;

    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


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fpb:wpaper:0309. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dominique van der Wal). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.