Practical Model-Based Monetary Policy Analysis : A How-To Guide /

This paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This workhorse model consists of an aggregate demand (or IS) curve, a price-setting (or Phillips) curve, a...

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Bibliographic Details
Main Author: Laxton, Douglas
Other Authors: Berg, Andrew, Karam, Philippe
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers; Working Paper ; No. 2006/081
Online Access:Full text available on IMF