An Estimated Model with Macrofinancial Linkages for India /

This paper develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of financial fr...

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Dettagli Bibliografici
Autore principale: Saxegaard, Magnus
Altri autori: Anand, Rahul, Peiris, Shanaka
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2010.
Serie:IMF Working Papers; Working Paper ; No. 2010/021
Accesso online:Full text available on IMF
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245 1 3 |a An Estimated Model with Macrofinancial Linkages for India /  |c Magnus Saxegaard, Rahul Anand, Shanaka Peiris. 
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300 |a 1 online resource (45 pages) 
490 1 |a IMF Working Papers 
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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 develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of financial frictions in the amplification and propagation of the effects of transitory shocks. We use Bayesian estimation techniques to estimate the model using India data. The model is used to assess the importance of the financial accelerator in India and the optimality of monetary policy. 
538 |a Mode of access: Internet 
700 1 |a Anand, Rahul. 
700 1 |a Peiris, Shanaka. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/021 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2010/021/001.2010.issue-021-en.xml  |z IMF e-Library