The Aino 2.0 model

Juha Kilponen, Seppo Orjasniemi, Antti Jaakko Ripatti, Fabio Verona

Forskningsoutput: ArbetsdokumentDiskussionsartiklarProfessionell

Sammanfattning

​This paper presents Aino 2.0 – the dynamic stochastic general equilibrium (DSGE) model currently used at the Bank of Finland for forecasting and policy analysis. The paper provides a detailed theoretical description of the model, its estimation and how it can be used to interpret the evolution of the Finnish economy between 1995 and 2014, including the rise and fall of the electronics industry, the global financial crisis, and the stagnant growth performance since the end of the financial crisis.
​This paper presents Aino 2.0 – the dynamic stochastic general equilibrium (DSGE) model currently used at the Bank of Finland for forecasting and policy analysis. The paper provides a detailed theoretical description of the model, its estimation and how it can be used to interpret the evolution of the Finnish economy between 1995 and 2014, including the rise and fall of the electronics industry, the global financial crisis, and the stagnant growth performance since the end of the financial crisis.
Originalspråkengelska
UtgivningsortHelsinki
FörlagBank of Finland
Antal sidor94
ISBN (elektroniskt)978-952-323-112-2
StatusPublicerad - 2016
MoE-publikationstypD4 Publicerad utvecklings- eller forskningsrapport eller studie

Vetenskapsgrenar

  • 511 Nationalekonomi

Citera det här

Kilponen, J., Orjasniemi, S., Ripatti, A. J., & Verona, F. (2016). The Aino 2.0 model. (Bank of Finland Research Discussion Papers; Nr. 16/2016). Helsinki: Bank of Finland.
Kilponen, Juha ; Orjasniemi, Seppo ; Ripatti, Antti Jaakko ; Verona, Fabio. / The Aino 2.0 model. Helsinki : Bank of Finland, 2016. (Bank of Finland Research Discussion Papers; 16/2016).
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Kilponen, J, Orjasniemi, S, Ripatti, AJ & Verona, F 2016 'The Aino 2.0 model' Bank of Finland Research Discussion Papers, nr. 16/2016, Bank of Finland, Helsinki.

The Aino 2.0 model. / Kilponen, Juha; Orjasniemi, Seppo; Ripatti, Antti Jaakko; Verona, Fabio.

Helsinki : Bank of Finland, 2016. (Bank of Finland Research Discussion Papers; Nr. 16/2016).

Forskningsoutput: ArbetsdokumentDiskussionsartiklarProfessionell

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AB - ​This paper presents Aino 2.0 – the dynamic stochastic general equilibrium (DSGE) model currently used at the Bank of Finland for forecasting and policy analysis. The paper provides a detailed theoretical description of the model, its estimation and how it can be used to interpret the evolution of the Finnish economy between 1995 and 2014, including the rise and fall of the electronics industry, the global financial crisis, and the stagnant growth performance since the end of the financial crisis.

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KW - small open economy

KW - Bayesian estimation

KW - aggregate shocks

M3 - Discussion paper

T3 - Bank of Finland Research Discussion Papers

BT - The Aino 2.0 model

PB - Bank of Finland

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Kilponen J, Orjasniemi S, Ripatti AJ, Verona F. The Aino 2.0 model. Helsinki: Bank of Finland. 2016. (Bank of Finland Research Discussion Papers; 16/2016).