The Aino 2.0 model
Juha Kilponen (),
Antti Ripatti () and
Fabio Verona ()
No 16/2016, Research Discussion Papers from Bank of Finland
This paper presents Aino 2.0 – the dynamic stochastic general equilibrium (DSGE) model currently used at the Bank of Finland for forecasting and policy analysis. The paper provides a detailed theoretical description of the model, its estimation and how it can be used to interpret the evolution of the Finnish economy between 1995 and 2014, including the rise and fall of the electronics industry, the global financial crisis, and the stagnant growth performance since the end of the financial crisis.
JEL-codes: C11 C53 E32 E37 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-dge and nep-mac
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Published in A revised version of the paper and an updated zip file published in April 2020.
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Persistent link: https://EconPapers.repec.org/RePEc:bof:bofrdp:2016_016
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