Banks in The Global Integrated Monetary and Fiscal Model [electronic resource] Andrle, Michal.
- Washington, D.C. : International Monetary Fund, 2015.
- IMF eLibrary
IMF Working Papers: Working Paper No. 15/150
- Government document
1 online resource (49 p.)
- Local subjects:
General Equilibrium Models.
Multi-Region Dsge Models.
Public Expenditures, Investment, and Finance.
Supply and Demand.
- 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.
- Description based on print version record.
- Andrle, Michal.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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