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Consumption and investment in the BOF4 quarterly model of the Finnish economy
(25.01.1989)
Bank of Finland Research Discussion Papers 9/1989
Bank of Finland Research Discussion Papers 9/1989
This report describes the determination of private consumption and investment in the BOF4 model. The consumption function of the model is largely based on thepermanent income hypothesis. Relative prices and the level of ...
Valuuttakurssien määräytyminen yleisen tasapainon mallissa
(21.01.1989)
Bank of Finland Research Discussion Papers 7/1989
Bank of Finland Research Discussion Papers 7/1989
Tutkimuksessa, joka on osa Helsingin Yliopistossa Kansantaloustieteen laitoksella 7.9.1988 hyväksytystä Pro-gradu tutkielmasta, tarkastellaan valuuttakurssin määräytymistä yleisen tasapainon mallissa. Sovellettava malli ...
Labour supply, wages and prices in the BOF4 quarterly model of the Finnish economy
(20.01.1989)
Bank of Finland Research Discussion Papers 6/1989
Bank of Finland Research Discussion Papers 6/1989
This paper describes the supply of labour and the determination of wages and prices in the BOF4 model. Labour supply is modelled as a function of real wage, income and discouraged worker effects. Wages are a functi on of ...
Examining the effects of anticipated policy actions : Results with the Finnish MICRO-QMED model
(11.10.1989)
Bank of Finland Research Discussion Papers 35/1989
Bank of Finland Research Discussion Papers 35/1989
This paper reports 'some policy simulations which have been carried out with the Finnish MICRO-QMED model. This rational expectations model built at the Economics Department of Bank of Finland is used to evaluate the ...
The Finnish rational expectations QMED model : estimation, dynamic properties and policy results
(03.07.1989)
Bank of Finland Research Discussion Papers 23/1989
Bank of Finland Research Discussion Papers 23/1989
This paper reports some policy experiments carried out with the QMED model of the Bank of Finland. These experiments illustrate the dynamic and long-run properties of this model. Thus, it is investigated how different ...
Aggregate versus industry-specific sources of economic growth and business cycle fluctuations
(22.05.1989)
Bank of Finland Research Discussion Papers 16/1989
Bank of Finland Research Discussion Papers 16/1989
This paper evaluates the power of aggregate and sector-specific disturbances ta output growth in the Finnish econc:Jrqy using armual data on the growth of value added in 31 industries over the period 1961-87. The unifonn ...
Macroeconomic effects of European integration on the Finnish economy : A simulation study
(19.10.1989)
Bank of Finland Research Discussion Papers 37/1989
Bank of Finland Research Discussion Papers 37/1989
The aim of this study is to discuss and to quantify the macroeconomic effects of further European integration on the countries outside the European Community. We use Finnish economy as an example in our quantitative analysis. ...