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
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951-686-443-0
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 5/1995
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Hukkinen, Juhana
Virén, Matti
- Event
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Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
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1995
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hukkinen, Juhana
- Virén, Matti
- Bank of Finland
Time of origin
- 1995