This study presents a small macroeconometric model with a fiscal sector, extending the model presented in Debuque and Corpus (2022). The model retains the original core blocks of domestic demand, international trade, employment, prices, and monetary sectors, and adds a fiscal sector consisting...

Top-down CGE models are used to assess the economic impacts of climate change policies. However, these models do not represent the technologies and sources of greenhouse gas emissions as detailed as bottom-up energy system models. Linking a top-down CGE model with a bottom-up energy system model...

Model selection is a critical step in model development and brings with it a significant level of model risk. This analysis considers a real-world example and compares the forecasts and uncertainties of three possibilities: the model selected as best, the best ensemble and the model not...

The paper describes the Quarterly Projection Model (QPM) that underlies the Bank of Ghana Forecasting and Policy Analysis System (FPAS). The New Keynesian semi-structural model incorporates the main features of the Ghanaian economy, transmission channels and policy framework, including an...