A Practical Model-Based Approach to Monetary Policy Analysis-Overview /

This paper motivates and describes an approach to forecasting and monetary policy analysis based on the use of a simple structural macroeconomic model, along the lines of those in use in a number of central banks. It contrasts this approach with financial programming and its emphasis on monetary agg...

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Glavni avtor: Laxton, Douglas
Drugi avtorji: Berg, Andrew, Karam, Philippe
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2006.
Serija:IMF Working Papers; Working Paper ; No. 2006/080
Online dostop:Full text available on IMF
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100 1 |a Laxton, Douglas. 
245 1 2 |a A Practical Model-Based Approach to Monetary Policy Analysis-Overview /  |c Douglas Laxton, Andrew Berg, Philippe Karam. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (45 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper motivates and describes an approach to forecasting and monetary policy analysis based on the use of a simple structural macroeconomic model, along the lines of those in use in a number of central banks. It contrasts this approach with financial programming and its emphasis on monetary aggregates, as well as with more econometrically driven analyses. It presents illustrative results from an application to Canada. A companion paper provides a more detailed how-to guide and introduces a set of tools designed to facilitate this approach. 
538 |a Mode of access: Internet 
700 1 |a Berg, Andrew. 
700 1 |a Karam, Philippe. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/080 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2006/080/001.2006.issue-080-en.xml  |z IMF e-Library