Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211590 
Authors: 
Year of Publication: 
1990
Series/Report no.: 
Bank of Finland Discussion Papers No. 15/1990
Publisher: 
Bank of Finland, Helsinki
Abstract: 
This paper reports some policy simulations 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 of some anticipated policy actions. The role of alternative (income) policy rules is also assessed.All these experiments demonstr-ate the importance of advance effects. In addition, they underline the importance of knowing the nature of the policy actions and the expectations horizon of economic agents. The paper also contains a short desc~iption of the MICRO-QMED model and its computational properties.
Persistent Identifier of the first edition: 
ISBN: 
951-686-255-1
Document Type: 
Working Paper

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