This paper describes NEMO, the main dynamic stochastic general equilibrium model used
at Norges Bank for monetary policy analysis and forecasting. NEMO has been used to …

Abstract 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 …

For some time now, structural macroeconomic models used at central banks have been
predominantly New Keynesian DSGE models featuring nominal rigidities and forward …

This paper documents the theoretical structure and all derivations of the current version of
Norges Bank's policy model Norwegian Economy Model (NEMO). The model consists of …

In this paper we present Aino 3.0, the latest vintage of the dynamic stochastic general
equilibrium (DSGE) model used at the Bank of Finland for policy analysis. Aino 3.0 is a small …

This paper explains the basic mechanisms of Norges Bank's core model for monetary policy
analysis and forecasting (NEMO). NEMO has recently been extended with an oil sector to …

The primary purpose of this paper is to compare the forecasting performance of a small open
economy New Keynesian Dynamic Stochastic General Equilibrium (SOE-NK-DSGE) model …

The Aino 2.0 model Page 1 Juha Kilponen – Seppo Orjasniemi – Antti Ripatti – Fabio
Verona The Aino 2.0 model Bank of Finland Research Discussion Paper 16 • 2016 Page 2 …