717 - EUROMON-Scenarios for the Euro Area Economy

Wetenschappelijke publicatie
Date 1 December 2002

This paper presents a number of scenario analyses, based on simulating DNB’s multi-country model EUROMON, for the euro area economy. The scenarios deal with monetary policy and budgetary policy actions, and with exogenous shocks such as changes in oil prices, asset prices and exchange rates. The scenarios provide insights which may be useful in the process of policy preparation. Above all, they give a flavour of the model’s simulation properties. Key words: structural macroeconomic models, simulation analysis JEL codes: C52, C53, E17, E60