A multi-country agent-based model for CESEE countries

Client/Funding Institution

Anniversary Fund of the Oesterreichische Nationalbank

Abstract

The project develops a multi-country agent-based stock-flow consistent model designed to analyse various macroeconomic scenarios in the region of the Central, East and Southeast European (CESEE) economies. Initially, we will concentrate on the EU membership countries of the CESEE region. In subsequent steps, we aim to expand the model by including other, non-EU, CESEE countries. Our goal is to create a comprehensive and flexible tool that can be applied to the majority of CESEE countries covered by wiiw, taking account of the need for country-specific adjustments, and eventually to provide quarterly forecasts for the region. Funded by the Anniversary Fund of the Oesterreichische Nationalbank (Project No. 18988).

Duration

October 2024 - September 2027

wiiw team Leader

Bernhard Schütz

wiiw Staff

Andreas Lichtenberger, Jelena Milosevic, Oliver Reiter, Sandor Richter, David Zenz, Stella Sophie Zilian

Keywords: agent-based model, multiple countries, input-output structure, CESEE countries, out-of-sample forecasts, counterfactual analysis

Countries covered: CESEE

Research Areas: Macroeconomic Analysis and Policy, Sectoral studies

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