ECB-Global : Introducing the ECB ’ s global macroeconomic model for spillover analysis

@inproceedings{Dieppe2018ECBGlobalI,
  title={ECB-Global : Introducing the ECB ’ s global macroeconomic model for spillover analysis},
  author={Alistair Dieppe and Georgios Georgiadis and Martino Ricci and Ine Van Robays and Bj{\"o}rn van Roye},
  year={2018}
}
In a highly interlinked global economy a key question is how foreign shocks transmit to the domestic economy, how domestic shocks affect the rest of the world, and how policy actions mitigate or amplify spillovers. For policy analysis in such a context, global multi-country macroeconomic models that allow a structural interpretation are needed. In this paper we introduce the European Central Bank’s global macroeconomic model: ECB-Global, a semi-structural, global multi-country model for the… CONTINUE READING

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