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*** The new Macro Model Data Base version 1.2 is now available for download ***

50 Models. Replication software. Dynare 3 and 4 compatibility.

 

The Macroeconomic Model Data Base is an archive of macroeconomic models based on a common computational platform that provides various tools for systematic model comparison. The project is headed by Volker Wieland, Professor of Monetary Theory and Policy at Goethe University Frankfurt. The Model Database has been part of the EU-sponsored joint initiative on "Modelling and Implementation of Optimal Fiscal and Monetary Policy Algorithms in Multi-Country Econometric Models" (MONFISPOL) until the most recent update 1.2.

This initiative has been supported by funding through the Seventh Framework Programme for Research (FP7) of the European Commission's Socio-economic Sciences and Humanities (SSH) Program from October 2008 to September 2011 under grant agreement SSH-CT-2009-225149.

We would like to thank the researchers who shared their model codes and/or assisted in model replication as well as Ph.D. Students at Goethe University who helped implementing models in the database, listed here.

 

List of models available in the Macroeconomic Model Data Base (version 1.2)

 

In order to download the Macro Model Data Base (MMB) software, please register with your email address below. You will then get the password for the Login to the Download section. The e-mail address is not made public and will only be used to inform you about updates of the MMB.

 

Register or Login for Download


Volker Wieland and Maik Wolters on the Model Database, VoxEU (February 13, 2012) "Macroeconomic model comparisons and forecast competitions"


The Econbrowser blog on forecasting and the Model Database, posted by Menzie Chinn (February 14, 2012) "The Budget Forecasts... And Forecasts in General"

 

House of Finance Director Wolfgang König discusses the Macroeconomic Model Database in his speech at the Frankfurt Finance Summit 2012.

 

John B. Taylor on the Model Database "Got a New Idea for Monetary Policy?"


John B. Taylor on Model comparison "New Model Validation of Stimulus Impacts" (April 16, 2012)

 

Volker Wieland on the Model Database, Handelsblatt (March 15, 2010) "Woran arbeiten Sie gerade, Herr Wieland?"

 

Speech by Volker Wieland at the conference "What's Right with Macroeconomics?" (Cournot centre, December 2-3, 2010): video

 

Les Échos mentions the Model Database as an example for transparency "Ce que révèle vraiment WikiLeaks"

 

 

As source please always cite:

  • Wieland, Volker,  Tobias Cwik, Gernot J. Müller, Sebastian Schmidt and Maik Wolters, "A New Comparative Approach to Macroeconomic Modeling and Policy Analysis," forthcoming in Journal of Economic Behavior and Organization (working paper version)

Other papers using the Macro Model Data Base:

Contact:

info@macromodelbase.com

Please let us know if you have any questions or comments.