Macroeconomic Modelling Tool for Malaysia (MMT): Report 1: Macroeconomic Modelling using an Updated SAM Framework

The Macroeconomic Modelling Tool for Malaysia (MMT) is a basic General Equilibrium (GE) model commissioned by the United Nations to enable independent economic policy analysis.  Specifications and technical details are provided in a forerunner report, but in summary, the MMT is a SAM-based multiplier model, with two satellite (sub) models (for poverty and employment respectively). However, we note that it was not possible at this stage, to fully complete the poverty sub-module. The MMT has been developed with inputs from the Department of Statistics Malaysia (DOSM) as an open-source tool for use by UN agencies, NGOs/ CSOs, think tanks, and academics.