The aim is to build a new macroeconomic forecasting model that will replace the existing one.
ETLA is using several models in its research and forecasting activity. These include the NiGEM model for the world economy, the macroeconomic model for the Finnish economy and the input-output model. The aim of the project is to build a new macroeconomic model for forecasting an simulation purposes.
The model will be built at ETLA in 2015-2016 under the leadership of Research Director Markku Kotilainen.