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Macro-economic model
- QUEST is a macro-economic model (Dynamic Stochastic General Equilibrium) used to analyse and understand the state of the EU economy. It is developed by DG ECFIN, and estimated model variants have been developed jointly with support from the JRC.
web.jrc.ec.europa.eu/policy-model-inventory/explore/models/model-quest/
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QUEST is a structural macro-model in the New-Keynesian tradition with rigorous microeconomic foundations derived from utility and profit optimisation and including frictions in goods, labour and financial markets. There are different versions of the QUEST model, estimated and calibrated, each used for specific purposes.
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