Assessing the macroeconomic impact of the EIB Group - 2022 update

20.500.12592/j4r5sr

Assessing the macroeconomic impact of the EIB Group - 2022 update

18 Jul 2022

Assessing the macroeconomic impact of the EIB Group - 2022 update ECONOMICS – IMPACT STUDIES Assessing the macroeconomic impact of the EIB Group 2022 update Assessing the macroeconomic impact of the EIB Group 2022 update Assessing the macroeconomic impact of the EIB Group 2022 update Assessing the macroeconomic impact of the EIB Group: 2022 update © European Investment Bank, 2022. [...] The results of the specific annual model runs for the EIB Group based on signatures in the previous year, and for EFSI as a cumulative portfolio of approved projects since inception, are published and updated each year on the EIB website and as part of regular reporting obligations such as the EFSI report to the European Parliament and the Council.2 As the portfolio shifts each year, and special e. [...] Based on the most relevant features of the EIB Group’s macroeconomic assessment, the availability and reputation of the approach, the EIB selected the RHOMOLO model — a recursively dynamic spatial computable general equilibrium (SCGE) model — developed and currently used by the Joint Research Centre of the European Commission to assess a wide range of policy-funding instruments such as the Cohesio. [...] After conducting an initial test run on the assessment of the macroeconomic impact of the EIB during the capital increase in 2012, the EIB has worked closely with the European Commission’s JRC in Seville to further develop the modelling approach in order to run the macroeconomic assessment. [...] The share of financing from the European Union and from abroad is derived from internal EIB bond-holding data, and the balance of payments of the European Union and the rest of the world.

Authors

EIB

Pages
76
Published in
Luxembourg