European Macroeconometric Modelling: The Early Years

This chapter provides a comparative European perspective about the history of macroeconometric modelling in the 1960s and early 1970s. This is the background for the development of multi-country macroeconometric models developed by the DG II in the 1970s. This chapter highlights the tensions and cross-fertilisation between, on the one hand, national traditions of macroeconomic modelling and, on the other hand, the US-based approach to large-scale macroeconometric modelling. Three national cases are investigated: Italy, France and Belgium.