All our publications are published as electronic publications, which can be downloaded below.
We estimate the oil price elasticity for import prices for the sectors present in MAKRO. We make use of a Kalman filter approach developed by Kastrup, Kronborg, and Stephensen (2022).
An agent-based model for a decentralized market economy with multiple sectors is set up and it is demonstrated that the economy is self-organizing if four empirically relevant conditions apply.
In standard porfolio theory, mean-variance analysis is used to assamble a portfolio of assets such that the expected return is maximized for a given level of risk. In this note we give a behavioral ve ...
This paper presents a new state-space framework to jointly estimate the capital-labor elasticity of substitution and time-varying factor-augmenting technical change.
This memo describes the effects of an implementation of a Danish greenhouse gas emission tax in the current preliminary version of GreenREFORM.
In this note, I will discuss how to model the EU ETS system in GreenREFORM.
This note propose a general methodology for incorporating exogenous marginal tax rates in input demand functions of firms, while still respecting national accounts statistics on total production costs ...
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 is the model documentation of the beta version of MAKRO.
This note describes how foreign shocks are estimated in the work with the MAKRO model.
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