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Some Simulation Properties of the Major Euro Area Economies in MULTIMOD

Author/Editor: Hunt, Ben | Laxton, Douglas
Authorized for Distribution: February 1, 2003
Electronic Access: Free Full Text (PDF file size is 977KB)
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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.
 
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Series: Working Paper No. 03/31
Subject(s): Economic models
Author's keyword(s): Macroeconomic models | simulation properties
 
English  
    Published:   February 1, 2003        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA0312003   Pages:   30
    Price:   US$15.00 (Academic Rate: US$15.00 )
       
     
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