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    MAKRO Model Documentation

    Published 08-12-2021
    MAKRO

    This is the model documentation of the beta version of MAKRO.

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    Marginal propensity to consume

    Published 08-12-2021
    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 ...

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    Estimating foreign shocks in a VAR model

    Published 07-12-2021
    MAKRO

    This note describes how foreign shocks are estimated in the work with the MAKRO model.

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    Estimating government spending shocks in a VAR model

    Published 07-12-2021
    MAKRO

    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.