BBVA-ARIES: A forecasting and simulation model for EMU

Fernando C. Ballabriga, Sonsoles Castillo

Producció científica: Article en revista indexadaArticleAvaluat per experts

1 Citació (Scopus)


This paper describes the BBVA-ARIES, a Bayesian vector autoregression (BVAR) for the European Economic and Monetary Union (EMU). In addition to providing EMU-wide growth and inflation forecasts, the model provides an assessment of the interactions between key EMU macroeconomic variables and external ones, such as world GDP or commodity prices. A comparison of the forecasts generated by the model and those of private analysts and public institutions reveals a very positive balance in favour of the model. For their part, the simulations allow us to assess the potential macroeconomic effects of macroeconomic developments in the EMU.

Idioma originalAnglès
Pàgines (de-a)411-426
Nombre de pàgines16
RevistaJournal of Forecasting
Estat de la publicacióPublicada - d’ag. 2003
Publicat externament


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