IDEAS home Printed from https://ideas.repec.org/p/zbw/bofrdp/rdp1989_035.html
   My bibliography  Save this paper

Examining the effects of anticipated policy actions: Results with the Finnish MICRO-QMED model

Author

Listed:
  • Sulamaa, Pekka
  • Virén, Matti

Abstract

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 short-run effects some anticipated policy actions. The paper also contains a short description of the MICRO-QMED model as well as a short user's guide for the model and for the MIKRO-TEKO programme used in simulating the model.

Suggested Citation

  • Sulamaa, Pekka & Virén, Matti, 1989. "Examining the effects of anticipated policy actions: Results with the Finnish MICRO-QMED model," Bank of Finland Research Discussion Papers 35/1989, Bank of Finland.
    • Handle: RePEc:zbw:bofrdp:rdp1989_035
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/211570/1/bof-rdp1989-035.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pagan, Adrian, 1989. "On the role of simulation in the statistical evaluation of econometric models," Journal of Econometrics, Elsevier, vol. 40(1), pages 125-139, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jacobs, Jan & Sterken, Elmer, 1995. "The IBS-CCSO quarterly model of the Netherlands Specification, simulation and analysis," Economic Modelling, Elsevier, vol. 12(2), pages 111-163, April.
    2. Ericsson, Neil R., 1992. "Parameter constancy, mean square forecast errors, and measuring forecast performance: An exposition, extensions, and illustration," Journal of Policy Modeling, Elsevier, vol. 14(4), pages 465-495, August.
    3. Hukkinen, Juhana & Virén, Matti, 1996. "Assessing the forecasting performance of a macroeconomic model," Research Discussion Papers 23/1996, Bank of Finland.
    4. Beenstock, Michael, 1995. "An econometric model of the oil importing developing countries," Economic Modelling, Elsevier, vol. 12(1), pages 3-14, January.
    5. Hukkinen, Juhana & Virén, Matti, 1995. "Assessing the performance of a macroeconomic model," Bank of Finland Research Discussion Papers 5/1995, Bank of Finland.
    6. Heilemann, Ullrich, 2002. "Increasing the transparency of macroeconometric forecasts: a report from the trenches," International Journal of Forecasting, Elsevier, vol. 18(1), pages 85-105.
    7. Virén, Matti, 1990. "An analysis of advance effects of anticipated policy actions : Recent results with the finnish MICRO-QMED model," Research Discussion Papers 15/1990, Bank of Finland.
    8. Kleijnen, Jack P. C., 1995. "Verification and validation of simulation models," European Journal of Operational Research, Elsevier, vol. 82(1), pages 145-162, April.
    9. Neil R. Ericsson & Jaime R. Marquez, 1990. "Evaluating the predictive performance of trade-account models," International Finance Discussion Papers 377, Board of Governors of the Federal Reserve System (U.S.).
    10. Hukkinen, Juhana & Viren, Matti, 1999. "Assessing the Forecasting Performance of a Macroeconomic Model," Journal of Policy Modeling, Elsevier, vol. 21(6), pages 753-768, November.
    11. repec:zbw:bofrdp:1990_015 is not listed on IDEAS
    12. Albert Ando & Flint Brayton, 1993. "Prices, Wages, and Employment in the U.S. Economy: A Traditional Model and Tests of Some Alternatives," NBER Working Papers 4568, National Bureau of Economic Research, Inc.
    13. Hukkinen, Juhana & Virén, Matti, 1996. "Assessing the forecasting performance of a macroeconomic model," Bank of Finland Research Discussion Papers 23/1996, Bank of Finland.
    14. repec:zbw:bofrdp:1996_023 is not listed on IDEAS

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:bofrdp:rdp1989_035. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/bofgvfi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.