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A well known macroeconometric model of the Italian economy is updated to produce forecasts at 1974.
Persistent link: https://www.econbiz.de/10008595619
Results of stochastic simulation experiments are described in this paper. The model experimented with is a large scale macroeconometric model, developed at the University of Bonn for the German economy (Model 5).
Persistent link: https://www.econbiz.de/10008560120
Experiments of stochastic simulation on a macro model of the Italian economy; this paper describes the first results produced by the research team.
Persistent link: https://www.econbiz.de/10008532165
Five alternative techniques have been applied to measure the degree of uncertainty associated with the forecasts produced by a macro-model of the French economy, the Mini-DMS developed at INSEE. They are bootstrap, analytic simulation on coefficients, Monte Carlo on coefficients, parametric...
Persistent link: https://www.econbiz.de/10008534218
Experiments of stochastic simulation on a nonlinear macroeconometric model are described in this paper. The results are used both for improving the validation of a model of the Italian economy and for revisiting the heuristic value of the stochastic simulation methodology.
Persistent link: https://www.econbiz.de/10008506111