Economic Modeling in the Nordic Countries

Economic Modeling in the Nordic Countries

1st Edition - November 1, 1992

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  • Editors: L. Bergman, Ø. Olsen
  • eBook ISBN: 9781483294872

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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

  • Medium Term Models and Macroeconomic Policy. Comparative Properties of the Nordic Models (J.D. Whitley). MODAG A Macroeconometric Model of the Norwegian Economy (Å. Cappelen). Integration of Real and Monetary Sectors in ADAM (C.B. Hansen, J. Smidt). KESSU IV: An Econometric Model of the Finnish Economy (M. Hetemäki). The Structure and Foundations of the BOF4 Model (H.-L. Männistö, J. Tarkka, A. Willman). KOSMOS - A Short Term Model for Sweden (L. Ernsäter, T. Nordström). Applied General Equilibrium Models. The Structure and Working of MSG-5, An Applied General Equilibrium Model of the Norwegian Economy (E. Holmøy). MECMOD - A Medium Term CGE Model for Sweden (T. Nordström). An Applied General Equilibrium Model of the Swedish Economy (T. Karlsson). Author Index.

Product details

  • No. of pages: 311
  • Language: English
  • Copyright: © North Holland 1992
  • Published: November 1, 1992
  • Imprint: North Holland
  • eBook ISBN: 9781483294872

About the Editors

L. Bergman

Affiliations and Expertise

Stockholm School of Economics, Stockholm, Sweden

Ø. Olsen

Affiliations and Expertise

Central Bureau of Statistics, Oslo, Norway

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