GEM : A New International Macroeconomic Model /

Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF's policy...

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Автор: Bayoumi, Tamim
Інші автори: Faruqee, Hamid, Karam, Philippe, Laxton, Douglas
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2004.
Серія:Occasional Papers; Occasional Paper ; No. 2004/010
Онлайн доступ:Full text available on IMF
Опис
Резюме:Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF's policy analysis. The paper is aimed at a general audience and avoids technical detail. It outlines the motivation, structure, strengths, and limitations of the model; examines three simulation exercises that have been completed; and discusses the future path of GEM.
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Фізичний опис:1 online resource (34 pages)
Формат:Mode of access: Internet
ISSN:0251-6365
Доступ:Electronic access restricted to authorized BRAC University faculty, staff and students