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...

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Bibliografiska uppgifter
Huvudupphovsman: Bayoumi, Tamim
Övriga upphovsmän: Vitek, Francis
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2013.
Serie:IMF Working Papers; Working Paper ; No. 2013/004
Länkar:Full text available on IMF