A Medium-Scale DSGE Model for the Integrated Policy Framework /

This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the world economy,...

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Egile nagusia: Adrian, Tobias
Beste egile batzuk: Gaspar, Vitor, Vitek, Francis
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2022.
Saila:IMF Working Papers; Working Paper ; No. 2022/015
Gaiak:
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Adrian, Tobias. 
245 1 2 |a A Medium-Scale DSGE Model for the Integrated Policy Framework /  |c Tobias Adrian, Vitor Gaspar, Francis Vitek. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (99 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the world economy, featuring a range of nominal and real rigidities, extensive macrofinancial linkages with endogenous risk, and diverse spillover transmission channels. In the pursuit of inflation and output stabilization objectives, it is optimal to adjust all policies in response to domestic and global financial cycle upturns and downturns when feasible-including foreign exchange intervention and capital flow management under some conditions-to widely varying degrees depending on the structural characteristics of the economy. The framework is applied empirically to four small open advanced and emerging market economies. 
538 |a Mode of access: Internet 
650 7 |a Macroeconomic Policy and Macroeconomic Aspects of Public Finance  |2 imf 
650 7 |a Monetary Policy, Central Banking, and the Supply of Money  |2 imf 
650 7 |a Monetary Policy, Foreign Exchange Intervention and Fiscal Policy  |2 imf 
650 7 |a Policy Transmission Mechanisms  |2 imf 
650 7 |a Price Inflation  |2 imf 
650 7 |a Prices, Business Fluctuations and Cycles  |2 imf 
700 1 |a Gaspar, Vitor. 
700 1 |a Vitek, Francis. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/015 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2022/015/001.2022.issue-015-en.xml  |z IMF e-Library