QMM - A Quarterly Macroeconomic Model of the Icelandic Economy

Ásgeir Daníelsson, Bjarni Einarsson, Magnús F. Guðmundsson, Svava J. Haraldsdóttir, Thórarinn Pétursson, Signý Sigmundardóttir, Jósef Sigurðarson and Rósa Sveinsdóttir

Economics from Department of Economics, Central bank of Iceland

Abstract: This Handbook contains an updated version of the 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 and Monetary Policy Department at the Bank and was ?rst implemented in the forecasting round for the Monetary Bulletin 2006/1 in March 2006. 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. Steady state properties of the model are documented in a paper by Daníelsson (2009).

Date: 2015-12
New Economics Papers: this item is included in nep-cmp, nep-for and nep-mac
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: QMM. A Quarterly Macroeconomic Model of the Icelandic Economy (2009)
Working Paper: QMM A Quarterly Macroeconomic Model of the Icelandic Economy (2006)
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