Arbeitspapier

Assessing the performance of a macroeconomic model

This paper contains a description of a small quarterly model for the Finnish economy model (formerly, the QMED model).In addition to the basic features of this macroeconomic model, we report results from some stochastic simulations which illustrate the model's properties.Thus, the role of uncertainty in both endogenous and exogenous variables is scrutinized.We also report some simulations in which we try assess the importance of various factors which (presumably) contributed to the economic depression in Finland in 1991-1994.

ISBN
951-686-443-0
Language
Englisch

Bibliographic citation
Series: Bank of Finland Discussion Papers ; No. 5/1995

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Hukkinen, Juhana
Virén, Matti
Event
Veröffentlichung
(who)
Bank of Finland
(where)
Helsinki
(when)
1995

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Hukkinen, Juhana
  • Virén, Matti
  • Bank of Finland

Time of origin

  • 1995

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