Some Simulation Properties of the Major Euro Area Economies in MULTIMOD

Front Cover
This paper was prepared as part of a euro area macroeconomic model comparisons project. Four standard macroeconomic experiments are considered to illustrate the differences in dynamic adjustment properties of two versions of MULTIMOD, the IMF's multicountry macroeconomic model. One version of MULTIMOD that is examined contains separate country blocks for the three major economies in the euro area, Germany, France, and Italy. The second, more recent version, contains a single block describing the behavior of the whole euro area.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
3
SupplySide Impulses
20
Misperceived Increase in Total Factor Productivity
27

Other editions - View all

Common terms and phrases

Bibliographic information