Policy and Spillover Analysis in the World Economy A Panel Dynamic Stochastic General Equilibrium Approach

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission ch...

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Bibliographic Details
Main Author: Vitek, Francis
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Policy and Spillover Analysis in the World Economy  |b A Panel Dynamic Stochastic General Equilibrium Approach  |c Francis Vitek 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2014 
300 |a 95 pages 
651 4 |a United Kingdom 
653 |a Interest rates 
653 |a Wealth 
653 |a Economics 
653 |a Terms of trade 
653 |a Return on investment 
653 |a Deflation 
653 |a Fiscal Policy 
653 |a Open Economy Macroeconomics 
653 |a Computable and Other Applied General Equilibrium Models 
653 |a Exports and Imports 
653 |a Intangible Capital 
653 |a National accounts 
653 |a Model Construction and Estimation 
653 |a Cycles 
653 |a International trade 
653 |a Forecasting and Other Model Applications 
653 |a Multiple or Simultaneous Equation Models: Models with Panel Data 
653 |a Macroeconomics 
653 |a Banking 
653 |a Capacity 
653 |a Econometrics 
653 |a Econometrics & economic statistics 
653 |a Capital 
653 |a Bayesian Analysis: General 
653 |a Nternational cooperation 
653 |a Economic policy 
653 |a Inflation 
653 |a Investment 
653 |a Econometric analysis 
653 |a Saving 
653 |a International economics 
653 |a Dynamic stochastic general equilibrium models 
653 |a Price Level 
653 |a Saving and investment 
653 |a Econometric models 
653 |a Banks and Banking 
653 |a Investments: General 
653 |a Consumption 
653 |a Financial Markets and the Macroeconomy 
653 |a Prices 
653 |a Macroeconomics: Consumption 
653 |a Business Fluctuations 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Empirical Studies of Trade 
653 |a Monetary Policy 
653 |a Central bank policy rate 
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989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
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082 0 |a 330 
520 |a This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary and fiscal transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth