Saffier 3.0: Estimation results

This technical document supplements the general documentation of the macromodel Saffier 3.0. We report in more detail the estimation outcomes of our preferred specification and alternative specifications. We discuss the equations for labour demand, investment, consumption, exports, imports, wages and prices. An error correction specification is estimated for consumption, exports and imports. A polynomial adjustment cost specification, including expectations, is estimated for the other equations.