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|z 9781484350706
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|a 1018-5941
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|a BD-DhAAL
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|a Vitek, Francis.
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|a The Global Macrofinancial Model /
|c Francis Vitek.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (136 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper documents the theoretical structure and empirical properties of the latest version of the Global Macrofinancial Model (GFM). This dynamic stochastic general equilibrium model of the world economy, disaggregated into forty national economies, was developed to support multilaterally consistent macrofinancial policy, risk and spillover analysis. It features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. These macrofinancial linkages encompass bank and capital market based financial intermediation, with financial accelerator mechanisms linked to the values of the housing and physical capital stocks. A variety of monetary policy analysis, fiscal policy analysis, macroprudential policy analysis, spillover analysis, and forecasting applications of the GFM are demonstrated. These include quantifying the monetary, fiscal and macroprudential policy transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2018/081
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/081/001.2018.issue-081-en.xml
|z IMF e-Library
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