CESAM - THE CCSO ANNUAL MODEL OF THE DUTCH ECONOMY

被引:5
作者
KUIPERS, SK [1 ]
JONGBLOED, BWA [1 ]
KUPER, GH [1 ]
STERKEN, E [1 ]
机构
[1] UNIV TWENTE, 7500 AE ENSCHEDE, NETHERLANDS
关键词
Macroeconometric model; Portfolio behaviour; Vintage approach;
D O I
10.1016/0264-9993(90)90009-S
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper presents CESAM, a macroeconometric model of the Dutch economy based on annual data. CESAM can be characterized as a Keynesian expenditure model including a neoclassical production model and a post-Keynesian financial model. This characterization holds for most of the Dutch macroeconometric models including, for instance, FREIA-KOMPAS of the Dutch Central Planning Bureau. There are, however, some interesting features that distinguish CESAM from other Dutch models: the production structure is based on a putty-clay vintage approach; the financial model is based on a system of financial accounts and is modelled using the portfolio approach; and the institutional structure of Dutch public finance is described in detail. The main objectives in using the model are to generate medium-term forecasts of the Dutch economy and to analyse economic policy. © 1990.
引用
收藏
页码:202 / 250
页数:49
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