Macroeconomic Model Spillovers and Their Discontents /

The Great Recession underlined that policies in some countries can have profound spillovers elsewhere. Sadly, the solution of simulating large macroeconomic models to measure these spillovers has been found wanting. Typical models generate lower international correlations of output and financial ass...

Полное описание

Библиографические подробности
Главный автор: Bayoumi, Tamim
Другие авторы: Vitek, Francis
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2013.
Серии:IMF Working Papers; Working Paper ; No. 2013/004
Online-ссылка:Full text available on IMF