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Working Paper 02-06 - An Evaluation of the Risks Surrounding the 2006-2012 NIME Economic Outlook : Illustrative Stochastic Simulations

Author

Listed:
  • Eric Meyermans
  • Patrick Van Brusselen

Abstract

In 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.

Suggested Citation

  • Eric Meyermans & Patrick Van Brusselen, 2006. "Working Paper 02-06 - An Evaluation of the Risks Surrounding the 2006-2012 NIME Economic Outlook : Illustrative Stochastic Simulations," Working Papers 200602, Federal Planning Bureau, Belgium.
    • Handle: RePEc:fpb:wpaper:200602
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    File URL: https://www.plan.be/uploaded/documents/200605221204160.wp0602en.pdf
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    More about this item

    Keywords

    Macroeconometric world model; Stochastic simulation; Euro area; World economy; Outlook;
    All these keywords.

    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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