DSGE Modeling at the Fund : Applications and Further Developments /

Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the applications of two of these models. The Global Economy Model is a quarterly model that features a large ass...

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Detalhes bibliográficos
Autor principal: Botman, Dennis
Outros Autores: Karam, Philippe, Laxton, Douglas, Rose, David
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2007.
coleção:IMF Working Papers; Working Paper ; No. 2007/200
Acesso em linha:Full text available on IMF
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245 1 0 |a DSGE Modeling at the Fund :   |b Applications and Further Developments /  |c Dennis Botman, David Rose, Douglas Laxton, Philippe Karam. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the applications of two of these models. The Global Economy Model is a quarterly model that features a large assortment of nominal and real rigidities, which are necessary to create plausible short-run dynamics. However, because this model is based on a representative-agent paradigm, its Ricardian features make it unsuitable to study many fiscal policy issues. The Global Fiscal Model, which is an annual model that uses an overlappinggenerations structure, has been designed to analyze the longer-term consequences of alternative fiscal policies. 
538 |a Mode of access: Internet 
700 1 |a Karam, Philippe. 
700 1 |a Laxton, Douglas. 
700 1 |a Rose, David. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/200 
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