Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/246198 
Autor:innengruppe: 
Work stream on Eurosystem modelling
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
ECB Occasional Paper No. 267
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
This paper provides an assessment of the macroeconomic models regularly used for forecasting and policy analysis in the Eurosystem. These include semi-structural, structural and time-series models covering specific jurisdictions and the euro area within a closed economy, small open economy, multi-country or global setting. Models are used as analytical frameworks for building baseline projections and for supporting the preparation of monetary policy decisions. The paper delivers four main contributions. First, it provides a survey of the macroeconomic modelling portfolios currently used or under development within the Eurosystem. Second, it explores the analytical gaps in the Eurosystem models and investigates the scope for further enhancement of the main projection and policy models, and the creation of new models. Third, it reviews current practices in model-based analysis for monetary policy preparation and forecasting and provides recommendations and suggestions for improvement. Finally, it reviews existing cooperation modalities on model development and proposes alternative sourcing and organisational strategies to remedy any knowledge or analytical gaps identified.
Schlagwörter: 
econometric modelling
forecasting and simulation
monetary policy,central banking
JEL: 
C5
E47
E52
E58
F4
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-4474-8
Dokumentart: 
Research Report

Datei(en):
Datei
Größe
1.54 MB





Publikationen in EconStor sind urheberrechtlich geschützt.