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Economic modeling in the Nordic countries

✍ Scribed by Lars Bergman; Øystein Olsen

Publisher
North Holland
Year
1992
Tongue
English
Leaves
301
Series
Contributions to Economic Analysis 210
Category
Library
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✦ Synopsis

A selection of macroeconomic models used, or intended for, economic forecasting or policy analysis in the four Nordic countries (Denmark, Finland, Norway and Sweden), is presented in this volume. New features and model applications are discussed and the models used by the Ministries of Finance are evaluated, with special attention to the role of relative prices and their treatment of the supply side. In addition there is a systematic comparison of results from model simulations on the main macroeconomic models in the four Nordic countries. The papers fall naturally into two sections. In Part One the focus is on the short-to-medium term models; in Part Two the focus switches to a presentation of three models that may all be classified as applied general equilibrium (AGE) models

✦ Table of Contents


Content: Comparative properties of the Nordic models / John D. Whitley --
MODAG : a macroeconometric model of the Norwegian economy / Ådne Cappelen --
Integration of real and monetary sectors in ADAM / Carsten Boldsen Hansen and John Smidt --
KESSU IV : an econometric model of the Finnish economy / Martti Hetemäki --
The structure and foundations of the BOF4 model / Hanna-Leena Männistö, Juha Tarkka and Alpo Willman --
KOSMOS : a short term model for Sweden / Lars Ernsäter and Tomas Nordström --
The structure and working of MSG-5 : an applied general equilibrium model of the Norwegian economy / Erling Holmøy --
MECMOD : a medium term CGE model for Sweden / Tomas Nordström --
An applied general equilibrium model of the Swedish economy / Thomas Karlsson.

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