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...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Benes, Jaromir
Kolejni autorzy: Kumhof, Michael, Laxton, Douglas
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2014.
Seria:IMF Working Papers; Working Paper ; No. 2014/057
Dostęp online:Full text available on IMF