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Titill:
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QMM : a Quarterly Macroeconomic Model of the Icelandic economyQMM : a Quarterly Macroeconomic Model of the Icelandic economy |
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Höfundur:
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URI:
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http://hdl.handle.net/10802/4765
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Útgefandi:
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Central Bank of Iceland, Economics Department
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Útgáfa:
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12.2006 |
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Ritröð:
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Central Bank of Iceland., Working papers ; 32 |
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Efnisorð:
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Efnahagsmál; Gjaldeyrisviðskipti; Vextir; Ísland
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ISSN:
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1028-9445 |
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Tungumál:
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Enska
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Tengd vefsíðuslóð:
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http://www.sedlabanki.is/lisalib/getfile.aspx?itemid=4910
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Tegund:
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Skýrsla |
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Gegnir ID:
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991004531939706886
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Athugasemdir:
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Myndefni: línurit, töflur |
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Útdráttur:
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This paper documents and describes the new Quarterly Macroeconomic Model of the Central Bank of Iceland (qmm). qmm and the underlying quarterly database have been under construction since 2001 at the Research and Forecasting Division of the Economics Department at the Bank. qmm is used by the Bank for forecasting and various policy simulations and therefore plays a key role as an organisational framework for viewing the medium-term future when formulating monetary policy at the Bank. This paper is mainly focused on the short and medium-term properties of qmm. Analysis of the steady state properties of the model are currently under way and will be reported in a separate paper in the near future. |
