Macroeconometric models and European monetary union

Hauptbeschreibung: This volume contains the contributions of a conference dealing with the consequences of the European Monetary Union for the macroeconometric modelling of the Euro area, which took place in Essen in 2000. At the end of the conference the participants were convinced that the discussions including a great variety of theoretical, methodical and factual aspects from the producers' as well as the consumers' perspective will not fail to have a certain impact on the future development of macroeconometric modelling in the Euro area. Once more it became clear, however, that an ideal w

Preface; Contents; Stephen G. Hall, Ullrich Heilemann, and Peter Pauly: Introduction; Lawrence R. Klein: US and NAFTA -- Some First Experiences and Modelling; Future prospects; References; Michael Beeby, Stephen G. Hall, and S.G. Brian Henry: Modelling the Euro-11 Economy: A Supply-Side Approach; 1. Introduction; 2. The data; 3. The model; 4. Estimation results; 5. Estimating the NAIRU in the Euro-11; 6. Simulation exercises; 7. Conclusion; Appendix: Estimation Results; References; Mika Kortelainen and David G. Mayes: Using EDGE -- A Dynamic General Equilibrium Model of the Euro Area.