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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 ...
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 ...
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. ...
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 ...