COVID-19 Update: We are currently shipping orders daily. However, due to transit disruptions in some geographies, deliveries may be delayed. To provide all customers with timely access to content, we are offering 50% off Science and Technology Print & eBook bundle options. Terms & conditions.
Macroeconomic Medium-Term Models in the Nordic Countries - 1st Edition - ISBN: 9780444702623, 9781483295466

Macroeconomic Medium-Term Models in the Nordic Countries, Volume 164

1st Edition

Editors: O. Bjerkholt J. Rosted
eBook ISBN: 9781483295466
Imprint: North Holland
Published Date: 1st July 1987
Page Count: 331
Sales tax will be calculated at check-out Price includes VAT/GST
Price includes VAT/GST

Institutional Subscription

Secure Checkout

Personal information is secured with SSL technology.

Free Shipping

Free global shipping
No minimum order.

Table of Contents

Traditions in Nordic Macroeconomic Modelling (O. Bjerkholt, J. Rosted). Danish Models. The Danish Macroeconomic Model ADAM (P.U. Dam). Fiscal Effects and Multipliers in the Danish Economy (L. Otto). Real Wages, Exchange Rates and Employment in the Danish Economy (F. Lauritzen). Financial Model Building and Financial Multipliers of the Danish Economy (J. Jespersen). Finnish Models. KESSU III: An Econometric Planning Model for the Finnish Economy (A. Leppä). KESSU III: The Effects of Wage Increases and Fiscal Policy (H. Sourama). Monetary Policy in BOF3, A Quarterly Model of the Finnish Economy (J. Tarkka). Norwegian Models. MODAG A: A Medium-Term Macroeconomic Model of the Norwegian Economy (Å. Cappelen, S. Longva). The Effects of Fiscal Policy in MODAG A (R. Bergan). Analysing the Effects of Changes in Wages and Exchange Rates with MODAG A (N.M. Stølen). Swedish Models. An Econometric Model for Medium-Term Analysis (EMMA) (T. Olofsson). An Aggregate Model for Medium-Term Analysis (AMMA) (L. Jansson, T. Olofsson).


This is the first major joint presentation of macroeconomic models of Denmark, Finland, Norway and Sweden. Its origin is a selection of the presentations at a seminar on macroeconomic modelling in the Nordic countries held in Lyngby, Denmark, 8-9 October 1984, sponsored by the Nordic Ministries of Finance.

The book is concentrated around a thorough presentation of the main macroeconomic medium-term models used in government planning and policy-making in each of the four countries. These models are: in Denmark, ADAM, developed by the Central Statistical Office, in Finland, KESSU, developed within the Ministry of Finance, in Norway, MODAG, developed by the Central Bureau of Statistics, and in Sweden, EMMA, developed within the Ministry of Finance.

An introduction to Nordic macroeconomic models is provided, as well as significant features of the institutional use of models within governments in these countries. On the basis of the data presented in the book, the effects of devaluation, wage increases and fiscal policy in the Nordic economies can be compared with each other as well as with other small open economies.


No. of pages:
© North Holland 1987
1st July 1987
North Holland
eBook ISBN:

Ratings and Reviews

About the Editors

O. Bjerkholt

J. Rosted