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...

Повний опис

Бібліографічні деталі
Автор: Bayoumi, Tamim
Інші автори: Vitek, Francis
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2013.
Серія:IMF Working Papers; Working Paper ; No. 2013/004
Онлайн доступ:Full text available on IMF