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The KTKV model of the economics department of the Bank of Finland

Author

Listed:
  • Kuosmanen, Hannele
  • Pyyhtiä, Ilmo
  • Siiskonen, Reijo

Abstract

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. It is basically a world trade flow model, in which the main components of world trade flows are generated using trade weight matrices. Until recently, the demand side of the model has been entirely exogenous. For this version consumption and investment equations have been estimated. All other equations have been re-estimated and some technical equations for exchange rate and interest rate structures are introduced.

Suggested Citation

  • Kuosmanen, Hannele & Pyyhtiä, Ilmo & Siiskonen, Reijo, 1988. "The KTKV model of the economics department of the Bank of Finland," Bank of Finland Research Discussion Papers 10/1988, Bank of Finland.
    • Handle: RePEc:zbw:bofrdp:rdp1988_010
    as

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    References listed on IDEAS

    as
    1. Koskela, Erkki & Virén, Matti, 1988. "Dynamics of the demand for money and uncertainty: The U.S. demand for money revisited," Bank of Finland Research Discussion Papers 4/1988, Bank of Finland.
    2. Åkerholm, Johnny, 1988. "External adjustment in small open economies : Some recent experience," Research Discussion Papers 6/1988, Bank of Finland.
    3. Koskela, Erkki & Virén, Matti, 1988. "Dynamics of the demand for money and uncertainty : The U.S. demand for money revisited," Research Discussion Papers 4/1988, Bank of Finland.
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