Developing a Euro Area Accounting Matrix: Issues and Applications

55 Pages Posted: 16 Nov 2004

See all articles by Tjeerd Jellema

Tjeerd Jellema

European Central Bank (ECB)

Steven J. Keuning

European Central Bank - Director General Statistics

Peter McAdam

European Central Bank (ECB)

Reimund Mink

European Central Bank (ECB)

Date Written: May 2004

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.

Keywords: National Accounts, National Accounting Matrix, Euro Area

JEL Classification: E00, E19

Suggested Citation

Jellema, Tjeerd and Keuning, Steven J. and McAdam, Peter and Mink, Reimund, Developing a Euro Area Accounting Matrix: Issues and Applications (May 2004). ECB Working Paper No. 356. Available at SSRN: https://ssrn.com/abstract=533025

Tjeerd Jellema (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Steven J. Keuning

European Central Bank - Director General Statistics ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Peter McAdam

European Central Bank (ECB) ( email )

Kaiserstrasse 29
Eurotower
D-60311 Frankfurt am Main
Germany
0049 69 13440 (Phone)
0044 69 1344 6000 (Fax)

Reimund Mink

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

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