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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Benes, Jaromir
Muut tekijät: Kumhof, Michael, Laxton, Douglas
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2014.
Sarja:IMF Working Papers; Working Paper ; No. 2014/057
Linkit:Full text available on IMF