ECO-LINE: a macroeconometric model of the Hungarian economy

Cserháti, Ilona and Varga, Attila (2000) ECO-LINE: a macroeconometric model of the Hungarian economy. Hungarian Statistical Review, 78 (SN4). pp. 35-51. ISSN 0039-0690

Preview

Text 2000_K4_035.pdf Download (109kB) | Preview

Abstract

This paper provides an overview of ECO-LINE, a quarterly macroeconometric model of the Hungarian economy designed for short and medium term forecasting and policy analysis. The model is a simplified description of the Hungarian economy, mainly based on National Accounts concepts. ECO-LINE consists of four main blocks, such as the demand and supply blocks determining real categories and employment, the block of prices and money and the block of income distribution. The paper provides an outline of the basic structure of ECO-LINE followed by an introduction to the set of stochastic equations. It also reports ex post simulation properties of the model and illustrates its performance by means of some policy simulations.

Actions (login required)

Edit Item