CESAM : The CCSO annual model of the Dutch economy

Kuipers, S.K. and Jongbloed, B.W.A. and Kuper, G.H. and Sterker, E. (1990) CESAM : The CCSO annual model of the Dutch economy. Economic Modelling, 7 (3). pp. 202-250. ISSN 0264-9993

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Abstract:	This paper presents CESAM, a macroeconometric model of the Dutch economy based on annual data. CESAM can be characterized as a Keynesian expenditure model including a neoclassical production model and a post-Keynesian financial model. This characterization holds for most of the Dutch macroeconometric models including, for instance, FREIA-KOMPAS of the Dutch Central Planning Bureau. There are, however, some interesting features that distinguish CESAM from other Dutch models: the production structure is based on a putty-clay vintage approach; the financial model is based on a system of financial accounts and is modelled using the portfolio approach; and the institutional structure of Dutch public finance is described in detail. The main objectives in using the model are to generate medium-term forecasts of the Dutch economy and to analyse economic policy.
Item Type:	Article
Copyright:	© 1990 Elsevier
Faculty:	Management and Governance (SMG)
Research Group:	Centre for Higher Education Policy Studies (CHEPS)
Link to this item:	http://purl.utwente.nl/publications/72678
Official URL:	http://dx.doi.org/10.1016/0264-9993(90)90009-S
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