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Econometric Models of the Euro-Area Central Banks
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Econometric Models of the Euro-Area Central Banks (Hardback)

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Synopsis

This book provides a description of the main macroeconomic models used by the European Central Bank and the euro area national central banks (Eurosystem). These models are used to help prepare economic projections and scenario analysis for individual countries and the euro area as a whole.



The volume takes stock of the current macroeconometric modelling infrastructure available within the Eurosystem, highlighting not only the structures and main features of the models used but also their purposes and underlying model-building philosophies. A `bird's eye view' of the key details of the design, structure and characteristics of the models is provided, along with information on the responses of these models to a series of standard economic and policy shocks.



This is the first time that a comprehensive description and systematic comparison of the main macroeconomic models has been published. This book will be of great interest to Central Bank and government economists, as well as academics, economists and students with an interest in central banking, econometric modelling, forecasting and macroeconomic policy.

BusinessFinance & accountingFinanceBankingPhilosophy, Psychology & Social SciencesInterdisciplinary studiesRegional studies Publisher: Edward Elgar Publishing Ltd Publication Date: 25/11/2005 ISBN-13: 9781845424862  Details: Type: Hardback Format: Books
Availability: To Order. Estimated despatch in 1-3 weeks.  

Edited by Gabriel Fagan, Head, Monetary Policy Research Division and Julian Morgan, Deputy Head, Econometric Modelling Division, Directorate General Research, European Central Bank, Germany

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