Financial Crises in DSGE Models : A Prototype Model /

This paper presents the theoretical structure of 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 real economy. But...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Benes, Jaromir
Awduron Eraill: Kumhof, Michael, Laxton, Douglas
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2014.
Cyfres:IMF Working Papers; Working Paper ; No. 2014/057
Mynediad Ar-lein:Full text available on IMF