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Macroeconomic Medium-Term Models in the Nordic Countries
- 1st Edition, Volume 164 - December 6, 2014
- Editors: O. Bjerkholt, J. Rosted
- Language: English
- Paperback ISBN:9 7 8 - 1 - 4 9 3 3 - 0 8 1 8 - 7
- eBook ISBN:9 7 8 - 1 - 4 8 3 2 - 9 5 4 6 - 6
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… Read more
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Request a sales quoteThis 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.
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.
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).
- No. of pages: 334
- Language: English
- Edition: 1
- Volume: 164
- Published: December 6, 2014
- Imprint: North Holland
- Paperback ISBN: 9781493308187
- eBook ISBN: 9781483295466
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