19. December 2019

New version of the Central Bank of Iceland‘s Quarterly Macroeconomic Model

Central Bank of Iceland and the mountain Esja

The Central Bank‘s Quarterly Macroeconomic Model (QMM) has served as the Bank‘s main tool for forecasting and macroeconomic analysis since its implementation in 2006. The model is revised regularly and the Economic and Monetary Policy Division has recently completed a major revision with the new version used for the first time for forecasting in November 2019. The QMM Handbook has been revised and version 4.0 is now available on the Bank’s website.

Link to the handbook.

Further information and technical data.


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