EUROPEAN PROJECT FOR A MULTINATIONAL MACROSECTORIAL MODEL
This paper describes the HERMES project, a multinational macrosectorial European econometric modelling effort, sponsored by the Directorates General II (Economic and Financial Affairs), XII (Science, Research and Development), XVII (Energy) and the SOEC. The set-up of the model is sketched against the background of problems of growth, unemployment, inflation, trade balances, government balances and energy policy. Although the definitions of the variables and a complete specification of the model are given in the Appendix, the major features of the model are described extensively in the text. These include private and collective consumption (including a consumer demand system), the putty clay production process, price and wage formation, sectoral bilateral trade flows and integrated energy economy modelling.
Bibliographic Reference: EUR 9443 EN (1984) MF, 187 P., BFR 240, BLOW-UP COPY BFR 935, EUROFFICE, LUXEMBOURG, POB 1003
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Record Number: 1989123017000 / Last updated on: 1987-01-01
Available languages: en