Showing 1 - 9 of 9
Each year, the Federal Planning Bureau (fpb) prepares a medium-term outlook for the Belgian economy with its macro-econometric hermes model. One of the key inputs of this exercise is a baseline scenario for the Belgian international economic environment, which includes an outlook for the output,...
Persistent link: https://www.econbiz.de/10005704574
heterogeneity within the euro area. We show that the main source is the asymmetry of shocks affecting the economies and that the … heterogeneity of behaviors does not seem to be of empirical relevance for the euro area. …
Persistent link: https://www.econbiz.de/10004998841
In this Working Paper, we describe how we used stochastic simulation to evaluate the risks surrounding the January 2006 nime Economic Outlook (neo) for the world economy. We summarise the main results by showing confidence intervals around the baseline projection as well as probabilities that...
Persistent link: https://www.econbiz.de/10005076174
. Euro core countries have experienced a shortage of domestic demand, with wage restraint playing a key role. This has led …
Persistent link: https://www.econbiz.de/10011134504
This paper investigates the economic costs of Euro area rebalancing. Based on an old Keynesian model we estimate a … eleven Euro area members (excluding Luxembourg). From the estimation results we calculate the output costs of reducing …
Persistent link: https://www.econbiz.de/10010567970
affect real economic growth in the Euro area. The informational content of financial variables for predicting real economic … endogenous and state variables. Global financial variables are shown to significantly affect real economic growth in the Euro …
Persistent link: https://www.econbiz.de/10010778675
affects mainly in the curvature of the term structure but it is not enough to ensure a unique yield curve in the Euro area. …
Persistent link: https://www.econbiz.de/10008755247
Persistent link: https://www.econbiz.de/10005406595
Persistent link: https://www.econbiz.de/10005406653