Version 3.0 of the Central Bank of Iceland’s Quarterly Macroeconomic Model (QMM)

Version 3.0 of the handbook for the Central Bank of Iceland´s Quarterly Macroeconomic Model (QMM) has now been published. The new version of the QMM includes a number of changes from the previous version: among other things, the re-estimation of economic relationships is based on Statistics Iceland‘s most recent data, and the modelling of the labour market has been revised.

For further information about the most recent updates to the model, see p. 13-15 of the QMM Handbook. 

 See: Economic forecasts