EconPapers    
Economics at your fingertips  
 

EUROMON: De Nederlandsche Bank's Multi-Country Model

Maria Demertzis, P.J.A. van Els and Marga Peeters ()

WO Research Memoranda (discontinued) from Netherlands Central Bank, Research Department

Abstract: The paper presents a guide to the theoretical properties of EUROMON, the Nederlandsche Bank's multi-country model for implementing policy analysis. It is written with a view to expanding Chapter 2 of the DNB Monetary Monograph 19, which provides for a model description. EUROMON is an aggregate neo-Keynesian model where output is described in the long run by a vertical supply curve, but is strongly affected by demand factors in the short run. At the same time, the model incorporates a wage bargaining framework which makes the long-run equilibrium unemployment rate dependent on real factors (for example tax policies and terms of trade).Our future use of the model will require further strengthening of internal theoretical consistencies, including the introduction of forward looking elements. We present four indicative simulations that summarise the properties of the model.

Date: 2002
New Economics Papers: this item is included in nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: EUROMON: De Nederlandsche Bank's multi-country model (2002) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dnb:wormem:718

Access Statistics for this paper

More papers in WO Research Memoranda (discontinued) from Netherlands Central Bank, Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Richard Heuver ().

 
Page updated 2020-05-13
Handle: RePEc:dnb:wormem:718