Haku
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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 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 ...
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 ...