Abstract
For the first time, in 1990, the Danish National Budget contained a special entry specifying a budget for a macroeconomic model, i.e., ADAM. This is evidence of the present status of modeling, at least as a useful device. Some features responsible for the success of Danish model building are enumerated in this paper. Apart from the status conferred by an entry in the Budget, another important sign of success is the duration of the two main model-building project- ADAM and SMEC are both approaching the age of 20. Section II starts with a description of the role of model computations in the economic debate in Denmark, and then treats the question of a modeluser monopoly. The two large simulation models, used by the administration but nearly unknown to the public, are discussed in Section III. A short historical background in Section IV is followed by an overview of the three Danish model centers in Section V. Sections VI and VII describe the development of SMEC and ADAM, respectively.
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