Economic Models

The Ministry of Finance uses a suite of macroeconomic models to support evidence-based fiscal policy, revenue forecasting, and long-term development planning for Bhutan. Click a model to explore its documentation.

Kilkhor

Computable General Equilibrium

Dynamic CGE model calibrated to Bhutan's 2017 SAM covering 33 industries, trade flows and labour markets.

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Druk Dungkar

Overlapping Generations Model

Dynamic 55-generation OLG model for fiscal policy, demographic change, and external sector analysis in Bhutan.

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IS-LM-AD-AS-BP

Goods, Money & External Sector

Integrated framework for goods market, money market and balance of payments analysis.

Coming Soon

Peljor Nengsung

Macro Simulation

Macro simulation model for policy scenario analysis and medium-term fiscal planning.

Coming Soon

SFC

Stock-Flow Consistent

Stock-flow consistent model capturing sectoral balance sheet dynamics and financial flows.

Coming Soon

MEF

Macro-Econometric Forecasting

Structural econometric model for medium-term GDP and fiscal revenue projections.

Coming Soon

MMF

Monetary & Macro-Financial

Analyses monetary sector, credit market and real economy interactions for financial stability.

Coming Soon