In this paper a structural macroeconometric model for the Eurozone is presented. In opposite to the multi country modelling approach, the model relies on aggregate data on the supra-national level. Due to nonstationarity, all equations are estimated in an error correction form. The cointegrating...

The paper aims at assessing the net impact of the accumulation of Information and Communication Technologies (ICT) capital on the economy. In a first part, focusing on the supply-side of the economy, we show that the growth accounting methodology cannot provide us with a measure of the net...

The Ateneo Macroeconomic and Forecasting Model (AMFM) is a small quarterly macroeconometric model of the Philippine economy. Designed for forecasting and policy analysis, the model generates results for key macroeconomic indicators. The underlying structure of the AMFM is similar to the short...

In this paper, we provide a description of the Italian Treasury Econometric Model (ITEM). We illustrate its general structure and model properties, especially with regard to the economy's response to changes in policy and in other dimensions of the economic environment. One of the key features...

We present a macroeconometric model for the large EU economies, i.e. Germany, the UK, France and Italy (Big4 model). The general model structure is based on the system of national accounts. Behavioural relationships are specified in error correction form for the supply and demand side at product...