This is the model documentation of the beta version of MAKRO.
This note describes how the beta bersion of MAKRO is calibrated to provide empirically substantiated levels of private consumption by age. In addition, it is examined how households’ marginal propensi ...
This note describes how foreign shocks are estimated in the work with the MAKRO model.
In this working paper, the effects of and adjustment to government spending shocks for the Danish economy are estimated and identified in a structural VAR model using quarterly data.