To change or not to change. The evolution of forecasting models at the Bank of England
Why do policymakers and economists within a policymaking institution choose to throw
away a model and to develop an alternative one? Why do they choose to stick to an existing …
away a model and to develop an alternative one? Why do they choose to stick to an existing …
General equilibrium models with rationing: The making of a 'European specialty'
R Plassard, M Renault - European Economic Review, 2023 - Elsevier
Unlike the US, Europe was a hotbed for general-equilibrium models with rationing (GEMR).
Our goal is to explain how and why GEMR became a “European specialty”(Portes, 1987: p …
Our goal is to explain how and why GEMR became a “European specialty”(Portes, 1987: p …
Navigating Uncharted Waters: The Transformation of the Bank of Korea's Monetary Policy in Response to Global Economic Uncertainty
The evolving global economic landscape necessitates adaptive monetary policies,
especially for economies like South Korea that are deeply integrated with global markets …
especially for economies like South Korea that are deeply integrated with global markets …
European Macroeconometric Modelling: The Early Years
This chapter provides a comparative European perspective about the history of
macroeconometric modelling in the 1960s and early 1970s. This is the background for the …
macroeconometric modelling in the 1960s and early 1970s. This is the background for the …
Modelling Europe: Introduction
This introductory chapter provides a general overview of the main chronological and
thematic elements developed in the book. We start by describing the institutional framework …
thematic elements developed in the book. We start by describing the institutional framework …
Lesson for the History of International Macroeconomics: Multi-Country Models and Linkage Systems, Their Challenges and Opportunities
This chapter overviews four decades of analytical frameworks adopted by DG II modellers to
address the issue of economic interdependencies. In multi-country models, such as those …
address the issue of economic interdependencies. In multi-country models, such as those …
The EUROLINK Experience (1978–1983)
This chapter presents the short-lived EUROLINK experience at the DG II. The development
of the EUROLINK multi-country model fits with the broader European context described in …
of the EUROLINK multi-country model fits with the broader European context described in …