Financial Crises in DSGE Models : Selected Applications of MAPMOD /

This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the rea...

Descrición completa

Detalles Bibliográficos
Autor Principal: Benes, Jaromir
Outros autores: Kumhof, Michael, Laxton, Douglas
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2014/056
Acceso en liña:Full text available on IMF