This is a preliminary draft of the model documentation for MAKRO.
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This is a preliminary draft of the model documentation for MAKRO. We are working on final details and the documentation will be updated with these before the release of the beta-version of the model. This documentation is supplemented by a paper containing an overview of the model, a paper describing the empirical foundation of the model and a paper showing impulse-responses of the model and comparing them to the empirical impulse-responses of estimated vector autoregressive models. As background for the empirical foundation there is a series of econometric working papers, some of which are publicly available and can be downloaded from our homepage. All mentioned documentation will be available in our homepage prior to a seminar where the beta version of the model will be released, and which is scheduled to take place in the 4th quarter of 2021.
Martin Kirk Bonde
30 22 63 94