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Banks in The Global Integrated Monetary and Fiscal Model [electronic resource] Andrle, Michal.

Author/Creator:
Andrle, Michal.
Publication:
Washington, D.C. : International Monetary Fund, 2015.
Series:
IMF eLibrary
IMF Working Papers: Working Paper No. 15/150
Format/Description:
Government document
Book
1 online resource (49 p.)
Local subjects:
Banks.
Debt.
Debt Management.
Efficiency.
Financial Accelerator.
Financial Sector.
Fiscal Policy.
Fiscal Stimulus.
General Equilibrium Models.
Macro-Financial Linkages.
Macroprudential Policy.
Monetary Policy.
Multi-Region Dsge Models.
Optimal Taxation.
Other.
Public Expenditures, Investment, and Finance.
Regional Shocks.
Supply and Demand.
Taxation.
Summary:
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE model developed by the Economic Modeling Division of the IMF for policy and scenario analysis. This paper compares two versions of GIMF, GIMF with a conventional financial accelerator, where bank balance sheets do not play a prominent role, and GIMF with both a financial accelerator and a fully specified banking sector that can make lending losses, and that is regulated according to Basel-III. We illustrate the comparative macroeconomic properties of both models by presenting their responses to a wide range of fiscal, demand, supply and financial shocks.
Notes:
Description based on print version record.
Contributor:
Andrle, Michal.
Kumhof, Michael.
Laxton, Douglas.
Muir, Dirk.
Other format:
Print Version:
ISBN:
1513532960:
9781513532967
ISSN:
1018-5941
Publisher Number:
10.5089/9781513532967.001
Access Restriction:
Restricted for use by site license.
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