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150128 ||| eng |
020 |
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|a 9781451863413
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100 |
1 |
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|a Laxton, Douglas
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245 |
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|a Practical Model-Based Monetary Policy Analysis
|b A How-To Guide
|c Douglas Laxton, Andrew Berg, Philippe Karam
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2006
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300 |
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|a 69 pages
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651 |
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4 |
|a United States
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653 |
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|a Inflation
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653 |
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|a Energy: Demand and Supply
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653 |
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|a Oil prices
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653 |
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|a Output gap
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653 |
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|a Computational Techniques
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653 |
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|a Deflation
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653 |
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|a Production
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653 |
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|a Currency
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653 |
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|a Model Construction and Estimation
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653 |
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|a Money and Interest Rates: Forecasting and Simulation
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653 |
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|a Macroeconomics: Production
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653 |
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|a Price Level
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653 |
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|a Foreign Exchange
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653 |
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|a Prices
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653 |
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|a Macroeconomics
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653 |
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|a Real exchange rates
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653 |
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|a Economic theory
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653 |
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|a Exchange rates
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653 |
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|a Monetary Policy
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653 |
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|a Foreign exchange
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653 |
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|a Production and Operations Management
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700 |
1 |
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|a Berg, Andrew
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700 |
1 |
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|a Karam, Philippe
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781451863413.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2006/081/001.2006.issue-081-en.xml?cid=18842-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This workhorse model consists of an aggregate demand (or IS) curve, a price-setting (or Phillips) curve, a version of the uncovered interest parity condition, and a monetary policy reaction function. The paper discusses how to parameterize the model and use it for forecasting and policy analysis, illustrating with an application to Canada. It also introduces a set of useful software tools for conducting a model-consistent forecast
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