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Income distribution and government finances in the BOF4 model of the Finnish economy

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  • Tarkka, Juha
  • Willman, Alpo

Abstract

This paper describes how income distribution and government finances are modelled i n BOF4, a quarterly econometric model of the Bank of Finland. The equations eomprising the ineome distribution and government finanees bloek in the model eonsist of tax equations, behavioural equations for the local government sector and a large number of accounting identities linking produetion and prices to incomes ofhouseholds and other seetors of the economy.

Suggested Citation

  • Tarkka, Juha & Willman, Alpo, 1990. "Income distribution and government finances in the BOF4 model of the Finnish economy," Bank of Finland Research Discussion Papers 7/1990, Bank of Finland.
    • Handle: RePEc:zbw:bofrdp:rdp1990_007
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    File URL: https://www.econstor.eu/bitstream/10419/211582/1/bof-rdp1990-007.pdf
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    References listed on IDEAS

    as
    1. Tarkka, Juha & Männistö, Hanna-Leena & Willman, Alpo, 1990. "Macroeconomic foundations and simulation properties of the BOF4 quarterly model of the Finnish economy," Bank of Finland Research Discussion Papers 2/1990, Bank of Finland.
    2. repec:zbw:bofrdp:1990_002 is not listed on IDEAS
    3. Gramlich, Edward M, 1969. "State and Local Governments and Their Budget Constraint," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(2), pages 163-182, June.
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