The MAKRO model’s purpose is to project and forecast the Danish economy in the medium to long term as well as to evaluate effects of economic policy. In doing so, it also integrates short-term government economic forecasts. The structural level of the economy – including the structural government balance - is included as an integral part of the model as well as short-term analyses of the economy, fiscal sustainability requirements , and structural economic impact of policy proposals.
MAKRO has been under development since 2017. The first full model version was published in March 2023. The model is currently being implemented for use in the Danish Ministry of Finance. The model code is publicly available and can be downloaded at Github.