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Policy and Spillover Analysis in the World Economy [electronic resource] : A Panel Dynamic Stochastic General Equilibrium Approach, Vitek, Francis..

Author/Creator:
Vitek, Francis.
Publication:
Washington, D.C. : International Monetary Fund, 2014.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 14/200.
IMF Working Papers; Working Paper No. 14/200.
Format/Description:
Government document
Book
1 online resource (95 p.)
Local subjects:
Bayesian Analysis.
Bayesian econometrics.
Business cycles.
Business Fluctuations.
Cycles.
Deflation.
Economic forecasting.
Financial Markets and the Macroeconomy.
Fiscal Policy.
Fiscal policy analysis.
Forecasting.
Forecasting and Other Model Applications.
General equilibrium models.
Inflation.
Model Construction and Estimation.
Models with Panel Data.
Monetary policy.
Monetary Policy (Targets, Instruments, and Effects).
Monetary policy analysis.
Monetary transmission mechanism.
Open Economy Macroeconomics.
Panel analysis.
Panel dynamic stochastic general equilibrium model.
Price Level.
Public Expenditures, Investment, and Finance.
Spillover analysis.
Spillovers.
Taxation.
World economy.
Summary:
This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary and fiscal transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.
Notes:
Description based on print version record.
Contributor:
Vitek, Francis.
Other format:
Print Version:
ISBN:
1616355786:
9781616355784
ISSN:
1018-5941
Publisher Number:
10.5089/9781616355784.001
Access Restriction:
Restricted for use by site license.
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