IDEAS home Printed from https://ideas.repec.org/p/ecb/ecbwps/2004356.html
   My bibliography  Save this paper

Developing a euro area accounting matrix: issues and applications

Author

Listed:
  • McAdam, Peter
  • Jellema, Tjeerd
  • Keuning, Steven
  • Mink, Reimund

Abstract

An important part of external or policy shocks is transmitted throughout the economy via various channels of transactions. To analyse such channels and to predict the impact of shocks, it is expedient to know who recently exchanged what with whom and for what purpose. The most appropriate format for presenting intersectoral linkages at the national level is in a National Accounting Matrix (NAM). A NAM is defined as the presentation of a sequence of integrated accounts and balancing items in a matrix that elaborates the linkages between a supply and use table and institutional sector accounts. This paper compiles the first pilot Euro Area Accounting Matrix (EAAM) and considers its usefulness for the euro area’s economic analysis. It also reports on the solution of a number of aggregation and consolidation issues that arise when constructing a multi-country accounting matrix. JEL Classification: E00, E19

Suggested Citation

  • McAdam, Peter & Jellema, Tjeerd & Keuning, Steven & Mink, Reimund, 2004. "Developing a euro area accounting matrix: issues and applications," Working Paper Series 356, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:2004356
    Note: 50336
    as

    Download full text from publisher

    File URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp356.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Defourny, Jacques & Thorbecke, Erik, 1984. "Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 94(373), pages 111-136, March.
    2. Steven J. Keuning & Willem A. de Ruuter, 1988. "Guidelines To The Construction Of A Social Accounting Matrix," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 34(1), pages 71-100, March.
    3. Peter McAdam & Julian Morgan, 2004. "The Effects of Euro Area Interest Rate Changes: Evidence from Macroeconomic Models," National Institute Economic Review, National Institute of Economic and Social Research, vol. 187(1), pages 93-103, January.
    4. Steven J. Keuning, 1997. "SESAME: an Integrated Economic and Social Accounting System," International Statistical Review, International Statistical Institute, vol. 65(1), pages 111-121, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Reimund Mink, 2008. "Money, financial investment and financing," IFC Bulletins chapters, in: Bank for International Settlements (ed.), The IFC's contribution to the 56th ISI Session, Lisbon, August 2007, volume 28, pages 156-168, Bank for International Settlements.
    2. Patrick F»Ve & Julien Matheron & Jean-Guillaume Sahuc, 2010. "Disinflation Shocks in the Eurozone: A DSGE Perspective," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(2-3), pages 289-323, March.
    3. Patrick Fève & Julien Matheron & Jean-Guillaume Sahuc, 2010. "Inflation Target Shocks and Monetary Policy Inertia in the Euro Area," Economic Journal, Royal Economic Society, vol. 120(547), pages 1100-1124, September.
    4. Manik Shrestha, 2014. "Toward the Development of Sectoral Financial Positions and Flows in a From-Whom-to-Whom Framework," NBER Chapters, in: Measuring Economic Sustainability and Progress, pages 373-425, National Bureau of Economic Research, Inc.
    5. Mr. Segismundo Fassler & Mr. Manik L. Shrestha & Mr. Reimund Mink, 2012. "An Integrated Framework for Financial Positions and Flowson a From-Whom-To-Whom Basis: Concepts, Status, and Prospects," IMF Working Papers 2012/057, International Monetary Fund.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peichl, Andreas & Fuest, Clemens & Schaefer, Thilo, 2005. "Dokumentation FiFoSiM: Integriertes Steuer-Transfer-Mikrosimulations- und CGE-Modell," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 05-3, University of Cologne, FiFo Institute for Public Economics.
    2. Meyer, Neil & Taylor, Garth & Peterson, Steven & Guaderrama, Marisa C., 1999. "Idaho Fiscal Project," A.E. Extension Series 305007, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    3. Fuest, Clemens & Peichl, Andreas & Schaefer, Thilo, 2005. "Aufkommens-, Beschäftigungs- und Wachstumswirkungen einer Steuerreform nach dem Vorschlag von Mitschke [Revenue, employment and growth effects of the tax reform proposal by Mitschke]," FiFo Reports - FiFo-Berichte 5, University of Cologne, FiFo Institute for Public Economics.
    4. Gaspar Núñez Rodríguez, 2015. "A 2008 SAM and AGEM of Mexico and the case of taxes on hydrocarbons extraction," Serie documentos de trabajo del Centro de Estudios Económicos 2015-05, El Colegio de México, Centro de Estudios Económicos.
    5. Thomas Wiedmann, 2017. "An input–output virtual laboratory in practice – survey of uptake, usage and applications of the first operational IELab," Economic Systems Research, Taylor & Francis Journals, vol. 29(2), pages 296-312, April.
    6. Çağatay, Selim & Taşdoğan, Celal & Özeş, Reyhan, 2017. "Analysing the impact of targeted bio-ethanol blending ratio in Turkey," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 6(2), September.
    7. Susana Santos, 2016. "Studying the structures of income distribution and production with Social Accounting and Input-Output Matrices," EcoMod2016 9329, EcoMod.
    8. Suh, Sangwon, 2004. "Functions, commodities and environmental impacts in an ecological-economic model," Ecological Economics, Elsevier, vol. 48(4), pages 451-467, April.
    9. Chapa Cantú Joana Cecilia & Mosqueda Chávez Marco Tulio & Rangel González Erick, 2019. "Social Accounting Matrices for the Regiones of Mexico," Working Papers 2019-20, Banco de México.
    10. Gui, Shusen & Mu, Hailin & Li, Nan, 2014. "Analysis of impact factors on China's CO2 emissions from the view of supply chain paths," Energy, Elsevier, vol. 74(C), pages 405-416.
    11. Dario Debowicz, 2016. "A social accounting matrix for Iraq," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-19, December.
    12. Susana Santos, 2004. "Distribution of aggregate income in Portugal from 1995 to 2000 within a SAM (Social Accounting Matrix) framework. Modeling the household sector," Working Papers Department of Economics 2004/12, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    13. Susana SANTOS, 2016. "The Informal Aspects of the Activity of Countries Studied Through Social Accounting and Socio-Demographic Matrices," Journal of Economic and Social Thought, KSP Journals, vol. 3(1), pages 49-78, March.
    14. Santos, Susana, 2013. "Socio-economic studies with social accounting and socio-demographic Matrices. An (attempted) application to Mozambique," MPRA Paper 47999, University Library of Munich, Germany.
    15. Cardenete Flores, M.Alejandro & Delgado López, María Del Carmen & Fuentes Saguar, Patricia D., 2013. "Análisis del impacto de los Fondos Europeos en Andalucía: 2000-2006/Impact Assessment of the European Funds in Andalusia: 2000-2006," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 31, pages 247(26)-247, Enero.
    16. Noleen Pisa & Wilma Viviers & Riaan Rossouw, 2017. "Enhancing Industrial Cluster Formation Through the Realistic Export Opportunities of the TRADE-DSM," South African Journal of Economics, Economic Society of South Africa, vol. 85(3), pages 386-404, September.
    17. David Font Vivanco & Ranran Wang & Sebastiaan Deetman & Edgar Hertwich, 2019. "Unraveling the Nexus: Exploring the Pathways to Combined Resource Use," Journal of Industrial Ecology, Yale University, vol. 23(1), pages 241-252, February.
    18. Keuning, Steven J. & van Dalen, Jan & de Haan, Mark, 1999. "The Netherlands' NAMEA; presentation, usage and future extensions," Structural Change and Economic Dynamics, Elsevier, vol. 10(1), pages 15-37, January.
    19. Ditya Agung Nurdianto, 2016. "Economic Impacts of a Carbon Tax in an Integrated ASEAN," EEPSEA Special and Technical Paper tp201604t5, Economy and Environment Program for Southeast Asia (EEPSEA), revised Apr 2016.
    20. Javier Ferri & Ezequiel Uriel, 2000. "Multiplicadores contables y análisis estructural en la matriz de contabilidad social. Una aplicación al caso español," Investigaciones Economicas, Fundación SEPI, vol. 24(2), pages 419-453, May.

    More about this item

    Keywords

    euro area; National Accounting Matrix; National Accounts;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecb:ecbwps:2004356. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Official Publications (email available below). General contact details of provider: https://edirc.repec.org/data/emieude.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.