THE NEDERLANDSCHE BANKS QUARTERLY MODEL OF THE NETHERLANDS ECONOMY

被引:11
作者
FASE, MMG
KRAMER, P
BOESCHOTEN, WC
机构
[1] The authors are with the Nederlandsche Bank NV, Econometric Research and Special Studies Department, 1000 AB Amsterdam
关键词
MACROECONOMIC MODEL; NETHERLANDS ECONOMY; PORTFOLIO MODELS;
D O I
10.1016/0264-9993(92)90011-P
中图分类号
F [经济];
学科分类号
02 ;
摘要
The new macroeconomic policy model of the Nederlandsche Bank, MORKMON II, differs from its predecessor MORKMON I, which was published in 1984, in a large number of essentials. For instance, the number of disaggregated sectors has been increased from five to seven, serious attention has been paid to the public sector, and a complete model of the flows of interest and dividends has been included. Explicit attention has been given to the role of wealth in the form of share and bond holdings. The model also encompasses a separate disequilibrium module for the labour market, which makes it possible to distinguish between different unemployment regimes. An overall description of the model is followed by an analysis of its functioning and characteristics on the basis of 10 model simulations.
引用
收藏
页码:146 / 204
页数:59
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