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Home > Publications > The Bank of England Quarterly Model - September 2000 Update

The Bank of England Quarterly Model - September 2000 Update

In April 1999, the Bank of England published Economic models at the Bank of England, a book that described the economic modelling tools that help the Monetary Policy Committee (MPC) in its work.
It was made clear at the time that economic models should not be thought of as fixed in form or content, and that model development is a continual process (*).

The purpose of the present publication is to provide an update of model developments over the past 18 months, particularly in relation to the Bank's main macroeconometric modelling tool. In addition to the physical publication, the underlying computer code of the macroeconometric model is also available.

The Bank's use of economic models remains pluralist and open. This September 2000 update, while giving details of the core macroeconometric model, also makes reference to other work within the Bank that has added to the range of models used by the MPC.

(*)On 22 April 2004, the Bank issued an article entitled:
The New Bank of England Quarterly Model describing a new macroeconomic model used to help prepare the Monetary Policy Committee's Quarterly economic projections.
The detailed technical specification of the model will be published later this year in a further update of 'Economic Models at the Bank of England'.

Key Resources

Economic Models at the Bank of England
September 2000 Update
Download PDF (359k)
Macroeconomic Model
Computer Code (44k)
The New Bank of England Quarterly Model
An overview of the new model
22 April 2004
Download PDF (78k)