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Macrofinancial 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 2015
Series:IMF Working Papers
Subjects:
Interest Rates
Credit
Wealth
Banks
Finance
Banks And Banking
Financial Services
Deflation
Fiscal Policy
Open Economy Macroeconomics
Computable And Other Applied General Equilibrium Models
Mortgages
National Accounts
Model Construction And Estimation
Market Interest Rates
Consumption; Economics
Multiple Or Simultaneous Equation Models: Models With Panel Data
Bank Credit
Macroeconomics
Banking
Prices, Business Fluctuations, And Cycles: General (includes Measurement And Data)
Econometrics
Econometrics & Economic Statistics
Bayesian Analysis: General
Depository Institutions
Inflation
Econometric Analysis
Monetary Economics
Saving
Micro Finance Institutions
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Financial Institutions And Services: Government Policy And Regulation
Dynamic Stochastic General Equilibrium Models
Price Level
Econometric Models
Financial Markets And The Macroeconomy
Consumption
Prices
Macroeconomics: Consumption
Interest Rates: Determination, Term Structure, And Effects
Monetary Policy
Money And Monetary Policy
Central Bank Policy Rate
United Kingdom
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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, macroprudential policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary, fiscal and macroprudential transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth
Physical Description:112 pages
ISBN:9781513537429

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