An evaluation of the MORKMON model

JC Siebrand; Job Swank

An evaluation of the MORKMON model

JC Siebrand
, Job Swank

External organisation

Research output: Contribution to journal › Article › Academic › peer-review

1 Citation (Scopus)

Abstract

MORKMON, De Nederlandsche Bank's new quarterly model of the Dutch economy fits in the last generation of macroeconometric models. Based on an integrated set of national and financial accounts, it combines demand, supply and financial conditions. Distinct features are a detailed financial sector, and endogenous exchange-rate determination. The specification reflects the model-builders inclination to give a great weight to empirical evidence. The model's forecasting performance is quite satisfactory, but not all simulations yield plausible results. In particular the interaction between the real and the financial sector could benefit from further research, for which MORKMON provides an excellent bridgehead.

Original language	English
Pages (from-to)	289-300
Number of pages	12
Journal	De Economist
Volume	134
Publication status	Published - 1986
Externally published	Yes

Cite this

@article{1cf43d5fb78140e19c99ddfcc002329c,

title = "An evaluation of the MORKMON model",

abstract = "MORKMON, De Nederlandsche Bank's new quarterly model of the Dutch economy fits in the last generation of macroeconometric models. Based on an integrated set of national and financial accounts, it combines demand, supply and financial conditions. Distinct features are a detailed financial sector, and endogenous exchange-rate determination. The specification reflects the model-builders inclination to give a great weight to empirical evidence. The model's forecasting performance is quite satisfactory, but not all simulations yield plausible results. In particular the interaction between the real and the financial sector could benefit from further research, for which MORKMON provides an excellent bridgehead.",

author = "JC Siebrand and Job Swank",

year = "1986",

language = "English",

volume = "134",

pages = "289--300",

journal = "De Economist",

issn = "0013-063X",

publisher = "Springer",

}

TY - JOUR

T1 - An evaluation of the MORKMON model

AU - Siebrand, JC

AU - Swank, Job

PY - 1986

Y1 - 1986

N2 - MORKMON, De Nederlandsche Bank's new quarterly model of the Dutch economy fits in the last generation of macroeconometric models. Based on an integrated set of national and financial accounts, it combines demand, supply and financial conditions. Distinct features are a detailed financial sector, and endogenous exchange-rate determination. The specification reflects the model-builders inclination to give a great weight to empirical evidence. The model's forecasting performance is quite satisfactory, but not all simulations yield plausible results. In particular the interaction between the real and the financial sector could benefit from further research, for which MORKMON provides an excellent bridgehead.

AB - MORKMON, De Nederlandsche Bank's new quarterly model of the Dutch economy fits in the last generation of macroeconometric models. Based on an integrated set of national and financial accounts, it combines demand, supply and financial conditions. Distinct features are a detailed financial sector, and endogenous exchange-rate determination. The specification reflects the model-builders inclination to give a great weight to empirical evidence. The model's forecasting performance is quite satisfactory, but not all simulations yield plausible results. In particular the interaction between the real and the financial sector could benefit from further research, for which MORKMON provides an excellent bridgehead.

UR - http://www.springerlink.com/content/w8671r6p18j207v2/

M3 - Article

SN - 0013-063X

VL - 134

SP - 289

EP - 300

JO - De Economist

JF - De Economist

ER -

An evaluation of the MORKMON model

Abstract

Other files and links

Fingerprint

Cite this