Chapter 2: GVAR Output

The GVAR Handbook:

Structure and Applications of a Macro Model

of the Global Economy for Policy Analysis

Edited by Filippo di Mauro and M. Hashem Pesaran

Chapter 2. The basic GVAR DdPS model (by Filippo di Mauro and L. Vanessa Smith)

The version of the GVAR model presented in Chapter 2 of the GVAR Handbook is based on that of Dees, di Mauro, Pesaran, and Smith (2007, DdPS), which is estimated for 26 countries/regions, the euro area being treated as a single economy. The estimation sample extends that of DdPS by eight years, covering the period 1979Q1 to 2011Q2.

• • The GVAR source data (1979Q1-2011Q2)* can be downloaded from the Data section.

  • The full set of output can be downloaded from here: Output folder GVAR 79Q2-11Q2

*The flows data for 2011 are those of 2010, as they were not yet available at the time this dataset was updated.