Szeto, Kam Leong; Gardiner, Paul; Gray, Richard; … - Treasury, Government of New Zealand - 2003
version of the Reserve Bank’s Forecasting and Policy System model (FPS). The main use of both two models is to produce … the Economic and Fiscal Updates. The FPS model is used to produce the published forecasts in the Reserve Bank’s quarterly … equilibrium. In FPS, the external balance is partly attained by forward-looking consumers who adjust spending to reach desired …