Over the past 20 years NAM has been used as resource for leading organizations
KLP
LO
NHO
Finanstilsynet
Samfunnsøkonomisk analyse
The Norwegian Aggregate Model (NAM) is a state-of-the-art dynamic econometric model designed to analyze and forecast the Norwegian macroeconomy.
As a quarterly operational model, NAM is updated four times a year, providing invaluable insights into economic trends for decision-makers across industries.
NAM is a compact and aggregate model. But it still covers many dimensions of the Norwegian economic system, including:
Wage and price setting; the inflation generating mechanism
Value added in the main production sectors; Imports
The expenditure components, consumption, capital formation and exports
Housing price dynamics. Households’ income and wealth
Using NAM
After receiving an updated model and databank, users find NAM easy to use for their own purposes.
After receiving an updated model and databank, users find NAM easy to use for their own purposes
Other users prefer the model to be run, and reports being written, by Normetrics.
Together with both groups of customers we work contineously to develop and improve the model.
ragnar.nymoen@normetrics.no
(+47) 97 97 02 48
Documentation
The documentation of NAM is revised and updated in line with how the model is developed.
About NAM
Link to Norwegian NAM page
NAM began as an econometric project by Gunnar Bårdsen and Ragnar Nymoen, and early versions of the model were documented in journal papers and in book chapters.
Currently, versions of NAM are used by Finanstilsynet (The Financial Supervisory Authority of Norway), NHO (Confederation of Norwegian Enterprise) and LO (Norwegian Confederation of Trade Unions). Since 2013 the model has been regularly in use by KLP (Kommunal Landspensjonskasse), in their projections for actuarial purposes, of interest rates and wage growth