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The KTKV model of the economics department of the Bank of Finland
(19.06.1988)
Bank of Finland Research Discussion Papers 10/1988
Bank of Finland Research Discussion Papers 10/1988
This is a report on an updated version of the KTKV-model of Bank of Finland's Economics Department. The model was originally designed in the early 80's for the forecasting of short-term international economic developments. ...
Finland's exchange rate regime and European integration
(17.12.1988)
Bank of Finland Research Discussion Papers 33/1988
Bank of Finland Research Discussion Papers 33/1988
Finland's participation in the deepening European integration means a considerable change in her economic policy setting. Liberalization of capital movements and financial services will increase interest and exchange rate ...
Dynamic models of the roundwood market in Finland
(16.12.1988)
Bank of Finland Research Discussion Papers 31/1988
Bank of Finland Research Discussion Papers 31/1988
We contribute to the discussion of the reasons why the supply of roundwood has lagged behind the growth of forests since the early 1970s. Our dynamic models of the roundwood market provide some evidence that the very low ...
If the markka floated : Simulating the BOF4 model with fixed and floating exchange rates
(18.08.1988)
Bank of Finland Research Discussion Papers 17/1988
Bank of Finland Research Discussion Papers 17/1988
In this paper the BOF4 model of the Bank of Finland, which is estimated in a fi xed exchange rate - regime, i s transformed into a model with a floating exchange, rate. In endogenizing the exchange rate two al ternative ...
Production and employment in the BOF4 quarterly model of the Finnish economy
(14.07.1988)
Bank of Finland Research Discussion Papers 14/1988
Bank of Finland Research Discussion Papers 14/1988
This paper contains a description of the production and labour demand sections of the BOF4 model. CES value added production functions are developed and estimated for the five sectors of the economy. From these the marginal ...