Overview
- Contains interviews for the key figures that helped shape and develop multi-country models
- Highlights how multi-country models have developed and become more sophisticated over the last half century
- Sheds light on an important, yet mostly overlooked, aspect of economic decision making and policy making
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About this book
What was the role of economists and economics in the making of the European Union? This book sheds light on the activities of a particular type of economic experts: the macroeconomic modellers of the Directorate General for Economic and Financial Affairs (DG II), who built multi-country macroeconomic models of the European Economic Community. These models aim at studying the macroeconomic interactions between national economies and at providing insights about the effects of coordinating (or not) national economic policies. The book documents the origins, challenges, and progress made by DG II’s experts through building these models.
This book provides insight into the influence of multi-country models on modern economics. It will be relevant to students and researchers interested in the history of economic thought and the development of macroeconomic policy.
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Keywords
- Multi-country economic models
- Lawrence Klein and Rudolf Rhomberg’s Project Link
- Macro econometric activities
- SSRC committee
- The European integration process
- Eurolink
- COMPACT and QUEST models
- Modelling the European integration process
- Multi-country macroeconometric models
- History of multi-country economic models
Table of contents (6 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the authors
Antonella Rancan is a Professor of Economics at the University of Molise.
Francesco Sergi is an Associate Professor of Economics at the Paris-East Créteil University.
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Bibliographic Information
Book Title: Modelling Europe
Book Subtitle: A History of Multi-Country Models at the European Commission (1970-2005)
Authors: Antonella Rancan, Francesco Sergi
DOI: https://doi.org/10.1007/978-3-031-63091-0
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024
Hardcover ISBN: 978-3-031-63090-3Published: 21 August 2024
Softcover ISBN: 978-3-031-63093-4Due: 04 September 2025
eBook ISBN: 978-3-031-63091-0Published: 20 August 2024
Edition Number: 1
Number of Pages: XVII, 147
Number of Illustrations: 3 b/w illustrations
Topics: History of Economic Thought/Methodology, Macroeconomics/Monetary Economics//Financial Economics, Political Economy/Economic Systems