Arbeitspapier
Introducing ECB-BASE: The blueprint of the new ECB semi-structural model for the euro area
This paper presents the blueprint of a new ECB multi-country model. The version documented in the following pages is estimated on euro area data. As a prelude to the country models, this version is meant to enhance the understanding of the main model mechanisms, enlarge the suite of area wide tools, and provide a tool for a top down approach between euro area and country modelling. The model converges to a well-defined steady state and its properties are in line with macroeconomic theory and standard empirical benchmarks. The design is aligned to its role as workhorse model in the context of the forecasting and policy simulation exercises at the ECB.
- ISBN
-
978-92-899-3884-6
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Working Paper ; No. 2315
- Classification
-
Wirtschaft
- Subject
-
Semi-structural model
euro area
simulations
forecasting
monetary policy
ECB
- Event
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Geistige Schöpfung
- (who)
-
Angelini, Elena
Bokan, Nikola
Christoffel, Kai
Ciccarelli, Matteo
Zimic, Srečko
- Event
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Veröffentlichung
- (who)
-
European Central Bank (ECB)
- (where)
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Frankfurt a. M.
- (when)
-
2019
- DOI
-
doi:10.2866/46942
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Angelini, Elena
- Bokan, Nikola
- Christoffel, Kai
- Ciccarelli, Matteo
- Zimic, Srečko
- European Central Bank (ECB)
Time of origin
- 2019
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Introducing dominant currency pricing in the ECB's global macroeconomic model
Introducing dominant currency pricing in the ECB's global macroeconomic model
Introducing the ECB indicator on euro area industrial new orders
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The ECB's Fiscal Policy
The ECB's magic wand
The ECB's 'new' strategy