SAFE: a quarterly model of the Dutch economy for short-term analyses

SAFE is the name of th large-scale macro econometric quarterly model that is currently in use at CPB Netherlands Bureau for Economic Policy Analysis in preparing short-term forecasts and analyses of the Dutch economy. Read also the accompanying <a href="http://www.cpb.nl/node/13413">press release</a>. This document gives a comprehensive description of the SAFE model. The description of the model's equations and results concerns the model version used since the preparation of the Macroeconomic Outlook 2003. In order to explain the working of the model, the results of a number of standard shocks and scenarios are presented.