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STREAM: A structural macro-econometric model of the Maltese economy

Author

Listed:
  • Owen Grech

    () (Central Bank of Malta)

  • Noel Rapa

    () (Central Bank of Malta)

Abstract

This paper presents the third version of the Central Bank of Malta’s core macro-econometric model of the Maltese Economy, STREAM (Structural and TRaditional Econometric model for Malta). It is a traditional structural model built around the neo-classical synthesis. Behavioural equations are estimated in error-correction form on the basis of quarterly data spanning from 2000Q1 to 2013Q4. Economic agents are assumed to have adaptive expectations. The novelty of the model is that it contains fully fledged fiscal and financial blocks, which is uncommon in traditional structural models

Suggested Citation

  • Owen Grech & Noel Rapa, 2016. "STREAM: A structural macro-econometric model of the Maltese economy," CBM Working Papers WP/01/2016, Central Bank of Malta.
  • Handle: RePEc:mlt:wpaper:0116
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    File URL: https://www.centralbankmalta.org/file.aspx?f=31366
    File Function: First version, 2016
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Noel Rapa, 2017. "Estimates of Fiscal Multipliers using MEDSEA," CBM Working Papers WP/04/2017, Central Bank of Malta.
    2. Noel Rapa, "undated". "The exit of the United Kingdom from the European Union – Its short-to-medium term impact on the Maltese economy," CBM Policy Papers PP/01/2017, Central Bank of Malta.
    3. Noel Rapa, 2016. "MEDSEA : a small open economy DSGE model for Malta," CBM Working Papers WP/05/2016, Central Bank of Malta.

    More about this item

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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