Repository of macro models

This repository contains descriptions of macro-models which relate to papers published or forthcoming in Economic Modelling

MANEGE

Title of Paper: MANEGE : A small macro-econometric model of the French economy

Author: Nicolas Carnot, Ministry of Finance, Economy and Industry, France

Vol./Issue No.: scheduled for 18/-

Short description: This paper describes MANEGE, a small quarterly macro-econometric model of the French economy. The model mingles short-run keynesian dynamics with a consistent, partly estimated, neo-classical supply side. A well-defined steady-state growth path is fully derived analytically. Standard simulations display plausible short to long-run responses to both demand and supply shocks. The model is helpful in a variety of policy analysis. To illustrate, we use our framework, first to gauge the role of factor costs in the evolution of French structural unemployment, then to evaluate relevant weights for building a Monetary Conditions Index.

JEL classification: C51; E17

Keywords: Macro-econometric model; French economy; Model simulations; Structural unemployment; Monetary Conditions Index

Country: France

Linkage address: http://www.finances.gouv.fr/Prevision/etudes/doctrav/06_2001.pdf

Disclaimer: Responsibility for the full model structures of the models in this repository rests solely with the authors.

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