Joint Contribution for the ECB-MC Model

“Policy models cannot be expected to have the same tight structure as theory models. […] Different classes of macro models are needed for different tasks.” (Olivier Blanchard)   During the Annual Research Conference organised by the ECB on the 25th and 26th of September 2017, Vítor Constâncio, Vice-President of the ECB, held the opening speech. The meeting, […]

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