Growth at Risk : Concept and Application in IMF Country Surveillance /

The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast to point forecasts), quantify macrofinancial risks in terms of growth, and monitor the...

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Autore principale: Prasad, Ananthakrishnan
Altri autori: Elekdag, Selim, Jeasakul, Phakawa, Lafarguette, Romain
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2019.
Serie:IMF Working Papers; Working Paper ; No. 2019/036
Accesso online:Full text available on IMF
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100 1 |a Prasad, Ananthakrishnan. 
245 1 0 |a Growth at Risk :   |b Concept and Application in IMF Country Surveillance /  |c Ananthakrishnan Prasad, Selim Elekdag, Phakawa Jeasakul, Romain Lafarguette. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast to point forecasts), quantify macrofinancial risks in terms of growth, and monitor the evolution of risks to economic activity over time. By using GaR analysis, policymakers can quantify the likelihood of risk scenarios, which would serve as a basis for preemptive action. This paper offers practical guidance on how to conduct GaR analysis and draws lessons from country case studies. It also discusses an Excel-based GaR tool developed to support the IMF's bilateral surveillance efforts. 
538 |a Mode of access: Internet 
700 1 |a Elekdag, Selim. 
700 1 |a Jeasakul, Phakawa. 
700 1 |a Lafarguette, Romain. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/036 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/036/001.2019.issue-036-en.xml  |z IMF e-Library