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220928 ||| eng |
| 020 |
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|a 9781616359706
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| 100 |
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|a Adrian, Tobias
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| 245 |
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|a A Medium-Scale DSGE Model for the Integrated Policy Framework
|c Tobias Adrian, Vitor Gaspar, Francis Vitek
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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| 300 |
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|a 99 pages
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| 651 |
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4 |
|a South Africa
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| 653 |
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|a Wealth
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| 653 |
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|a Economics
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Deflation
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Mortgages
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| 653 |
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|a National accounts
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Currency crises
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
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| 653 |
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|a Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
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| 653 |
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|a Foreign exchange
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| 653 |
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|a Capital flow management
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Inflation
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| 653 |
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|a Financial institutions
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| 653 |
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|a Saving
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| 653 |
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|a Economics: General
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Balance of payments
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| 653 |
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|a Long-term Capital Movements
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| 653 |
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|a Currency
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| 653 |
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|a Informal sector
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| 653 |
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|a International economics
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| 653 |
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|a Foreign exchange intervention
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| 653 |
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|a Price Level
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| 653 |
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|a Consumption
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Capital movements
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| 653 |
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|a International Investment
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| 700 |
1 |
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|a Gaspar, Vitor
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| 700 |
1 |
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|a Vitek, Francis
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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 |
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|a 10.5089/9781616359706.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2022/015/001.2022.issue-015-en.xml?cid=511926-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|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
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