What does this research mean for the field?

The Bank of Thailand model provides a novel framework for conducting policy simulations in the Thai economy. Novelty: ClaimNovelty.NOVEL_FINDING. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

To explore the development and application of macroeconometric models specific to the Thai economy.

March 10, 2026Open Access

The Bank of Thailand Model and Its Appication to Policy Simulations

Key Points

To explore the development and application of macroeconometric models specific to the Thai economy.
Constructed initial models from the 1960s as a foundation.
Developed comprehensive models using recent data and methodologies.
Applied models to simulate various economic policies.
Identified strengths and weaknesses of existing models in Thai economic analysis.
Demonstrated the effectiveness of policy simulations using the newly developed models.

Abstract

There exist only a few macroeconometric models for the Thai economy.A simple but pioneering model was constructed in the middle of the 1960's by Chinawoot Soonthornsima 1964, while detailed and comprehensive models were developed only recently by Chulalongkorn University (Virabongsa Ramang-

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