The BOF4 quarterly model of the Finnish economy
(01.01.1990)
Numero
73Julkaisija
Bank of Finland
1990
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201808091976Tiivistelmä
This book has been compiled from a series of reports published in the Bank of Finlands Discussion Paper series in 1988 - 1990. Only minor changes and corrections have been made to the original papers during the editing of the book, which presents the model as it stood in the autumn of 1989.
The previous generations of BOF models have been presented in the Bank of Finlandls publication series D:29 (BOF1, 1972) and D:59 (BOF3, 1985). The BOF2 version used in the latter half of the 1970's has not been fully documented in a single publication, but it was reviewed in a report published in 1976 on fiscal policy effects (D:38) and in a number of articles and unpublished mimeographs. All in all, the BOF model project has given rise to dozens of published reports, the most important of which are listed in a bibliography at the end of the book.
The first chapter describes the macroeconomic foundations of the BOF4 model and presents results from simulation experiments carried out with it. The following chapters review the structure of the model block by block. A complete list of equations and variables is given in an appendix. To avoid repetition, the actual equations are not presented in the text. Rather, reference is made to the list of equations in the appendix.
The previous generations of BOF models have been presented in the Bank of Finlandls publication series D:29 (BOF1, 1972) and D:59 (BOF3, 1985). The BOF2 version used in the latter half of the 1970's has not been fully documented in a single publication, but it was reviewed in a report published in 1976 on fiscal policy effects (D:38) and in a number of articles and unpublished mimeographs. All in all, the BOF model project has given rise to dozens of published reports, the most important of which are listed in a bibliography at the end of the book.
The first chapter describes the macroeconomic foundations of the BOF4 model and presents results from simulation experiments carried out with it. The following chapters review the structure of the model block by block. A complete list of equations and variables is given in an appendix. To avoid repetition, the actual equations are not presented in the text. Rather, reference is made to the list of equations in the appendix.