Frisch and Tinbergen founded the standard framework for finding the optimal economic policy by maximizing the welfare function under constraints supplied by the econometric model. Frisch worried about the reliability of the model and Tinbergen thought that it would be too difficult to specify...

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...

The Netherlands Bureau for Economic Policy Analysis (CPB) has been involved in econometric model building since its foundation in 1945. During the 60 years of model building and use reviewed in this Discussion Paper, CPB's models have evolved significantly. Over this period, a shift of...