Artikel

Forecasting investment and consumption behavior of economic agents through dynamic computable general equilibrium model

Much research has been devoted to examination of the financial easing policy of the European Central Bank (ECB). However, this study is one of the first to use a dynamic micro-founded model to investigate empirically the impact of the ECB's Quantitative Easing (QE) policy on consumption and investment by economic agents in Italy (households, government, firms, and the rest of the world). For this purpose, we constructed a Financial Social Accounting Matrix (FSAM) for the Italian economy for the year 2009 to calibrate a dynamic computable general equilibrium model (DCGE). This model allowed us to evaluate the direct and indirect impact of money flow on the behavior of consumption and investment. The findings of the study confirmed the positive impact of the ECB's monetary policy on the level of investment and consumption.

Sprache
Englisch

Erschienen in
Journal: Financial Innovation ; ISSN: 2199-4730 ; Volume: 4 ; Year: 2018 ; Issue: 1 ; Pages: 1-21 ; Heidelberg: Springer

Klassifikation
Management
Computational Techniques; Simulation Modeling
General Aggregative Models: Forecasting and Simulation: Models and Applications
Monetary Policy
General Equilibrium and Disequilibrium: Input-Output Tables and Analysis
Thema
European Central Bank
Quantitative easing
Monetary policy
Investment behavior
Social accounting matrix
Dynamic CGE analysis

Ereignis
Geistige Schöpfung
(wer)
Ahmed, Irfan
Socci, Claudio
Severini, Francesca
Yasser, Qaiser Rafique
Pretaroli, Rosita
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2018

DOI
doi:10.1186/s40854-018-0091-3
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Ahmed, Irfan
  • Socci, Claudio
  • Severini, Francesca
  • Yasser, Qaiser Rafique
  • Pretaroli, Rosita
  • Springer

Entstanden

  • 2018

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