Some Simulation Properties of the Major Euro Area Economies in Multimod

Author/Editor:

Douglas Laxton ; Benjamin L Hunt

Publication Date:

February 1, 2003

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2003/031

Subject:

Consumption Exports Financial services Inflation International trade National accounts Prices Real interest rates Short term interest rates

English

Publication Date:

February 1, 2003

ISBN/ISSN:

9781451845044/1018-5941

Stock No:

WPIEA0312003

Pages:

31

Please address any questions about this title to publications@imf.org