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...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Benes, Jaromir
Rannpháirtithe: Kumhof, Michael, Laxton, Douglas
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2014.
Sraith:IMF Working Papers; Working Paper ; No. 2014/057
Rochtain ar líne:Full text available on IMF