The CBR Macro-Economic Model of the UK Economy (UKMOD)

Graham Gudgin, Kenneth Coutts () and Neil Gibson

Working Papers from Centre for Business Research, University of Cambridge

Abstract: This working paper provides a detailed exposition of the assumptions, structure and statistical evidence that support a new macroeconomic forecasting and simulation model of the UK economy. The model is based on an annual dataset that produces conditional forecasts or simulations over a five to ten year horizon. The model enables us to discuss issues of policy in quantitative terms so that the orders of magnitude of the economic consequences can be assessed. Readers of our forecast reports will find in this paper the information that justifies the modelling methodology and the empirical evidence supporting the key behavioural relationships of the model.

Keywords: Macroeconomic policy; fiscal and monetary policy; macroeconomic forecasts; macroeconomic models (search for similar items in EconPapers)
JEL-codes: E12 E17 E27 E44 E47 (search for similar items in EconPapers)
Date: 2015-09
New Economics Papers: this item is included in nep-cmp, nep-for and nep-mac
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp472

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