The Bank of Finland quarterly econometric model and its use for short and medium- term economic forecasting

Abstract

This monograph consists of four parts . First, the model will be described briefly. In the second part, the data used and the estimation of the model will be examined, the ADP system will also be described in this context. The third part deals with the use of the model in short-term simulation and forecasting. Finally a tentative experiment with the use of the model in medium-term (1974 - 1980) forecasting and fiscal policy simulation will be reported .