In this study, we perform a quantitative assessment of the role of money as an indicator variable for monetary policy in the euro area. We document the magnitude of revisions to euro area-wide data on output, prices and money, and find that monetary aggregates have a potentially significant role...

The author argues that the Russian economy has unique features that make the application of standard macroeconomic models problematic. He supports the idea of developing new instruments of analysis and forecasting of social and economic development of the Russian economy. The proposed modelling...

Various types of economic model address environmental problems. This article examines whether these can be applied to the analysis of material flows. It is important to know which types of model are most suitable to deal with particular economic, environmental or physical aspects of material...

Various types of economic model address environmental problems. This article examines whether these can be applied to the analysis of material flows. It is important to know which types of model are most suitable to deal with particular economic, environmental or physical aspects of material...

This paper discusses the ?structural cointegrating VAR? approach to macroeconometric modelling and compares it to other approaches currently followed in the literature, namely, the large-scale simultaneous equation macroeconometric models, the structural VARs, and the dynamic stochastic general...