The WM-1 Monthly Macroeconometric Model of the Polish Economy

The WM-1 model is the first macromodel of the Polish economy based on monthly data. Most time series are generated by non-stationary processes. Therefore the estimation has been made in such a way that it allows for the cointegration of the variables (ECM, TECM and CVAR models were used). This prev...

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Bibliographic Details
Main Authors: Aleksander Welfe, Piotr Karp
Format: Article
Language:English
Published: Collegium of Economic Analysis, SGH Warsaw School of Economics 2017-08-01
Series:Gospodarka Narodowa. The Polish Journal of Economics
Subjects:
Online Access:http://www.journalssystem.com/gna/Makroekonometryczny-miesieczny-model-gospodarki-Polski-WM-1,100726,0,2.html