Dieppe, Alistair; González Pandiella, Alberto; … - In: Economic Modelling 29 (2012) 6, pp. 2597-2614
The model presented here is an estimated medium-scale New Multi-Country Model (NMCM) which covers the five largest euro area countries and is used for forecasting and scenario analysis at the European Central Bank. The model has a tight theoretical structure which allows for non-unitary...