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DSGE Modeling At the Fund [electronic resource] : Applications and Further Developments, Botman, Dennis P. J..

Author/Creator:
Botman, Dennis P. J.
Publication:
Washington, D.C. : International Monetary Fund, 2007.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 07/200.
IMF Working Papers; Working Paper No. 07/200
Format/Description:
Government document
Book
1 online resource (41 p.)
Local subjects:
Account deficits.
Aggregate demand.
Aggregate demand effects.
Central bank.
Discount rate.
Economic models.
Expansionary fiscal.
Fiscal adjustment.
Fiscal adjustments.
Fiscal affairs.
Fiscal affairs department.
Fiscal authorities.
Fiscal compliance.
Fiscal consolidation.
Fiscal deficit.
Fiscal deficits.
Fiscal discipline.
Fiscal expansion.
Fiscal expansions.
Fiscal instruments.
Fiscal issues.
Fiscal model.
Fiscal policies.
Fiscal policy.
Fiscal reforms.
Fiscal rule.
Fiscal shocks.
Fiscal space.
Fiscal stance.
Fiscal surpluses.
Fiscal sustainability.
Government revenue.
Government spending.
Increase in consumption.
Inflation.
Inflation-targeting.
Monetary authorities.
Monetary authority.
Monetary economics.
Monetary framework.
Monetary fund.
Monetary issues.
Monetary policies.
Monetary policy.
Monetary policy implications.
Monetary policy reaction function.
Monetary policy rule.
Monetary policy rules.
Monetary transmission mechanism.
Monetary union.
Money demand.
Optimal monetary policy.
Public debt.
Tax adjustment.
Tax base.
Tax burden.
Tax changes.
Tax cut.
Tax cuts.
Tax increases.
Tax rates.
Tax reduction.
Tax reform.
Tax reforms.
Taxation.
Canada.
France.
Japan.
United States.
Summary:
Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the applications of two of these models. The Global Economy Model is a quarterly model that features a large assortment of nominal and real rigidities, which are necessary to create plausible short-run dynamics. However, because this model is based on a representative-agent paradigm, its Ricardian features make it unsuitable to study many fiscal policy issues. The Global Fiscal Model, which is an annual model that uses an overlappinggenerations structure, has been designed to analyze the longer-term consequences of alternative fiscal policies.
Notes:
Description based on print version record.
Contributor:
Botman, Dennis P. J.
Karam, Philippe.
Laxton, Douglas.
Rose, David.
Other format:
Print Version:
ISBN:
1451867646:
9781451867640
ISSN:
1018-5941
Publisher Number:
10.5089/9781451867640.001
Access Restriction:
Restricted for use by site license.
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