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240607 ||| eng |
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|a 9798400259395
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| 100 |
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|a Berg, Andrew
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| 245 |
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|a FINEX - A New Workhorse Model for Macroeconomic Forecasting and Policy Analysis
|c Andrew Berg, Yaroslav Hul, Philippe Karam, Adam Remo, Diego Rodriguez Guzman
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 123 pages
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| 653 |
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|a Interest rates
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| 653 |
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|a Economics
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| 653 |
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|a Public debt
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| 653 |
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|a Finance
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Financial services
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Debts, Public
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| 653 |
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|a Open Economy Macroeconomics
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Capital account
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| 653 |
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|a Quantitative Policy Modeling
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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 Interest rate parity
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| 653 |
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|a Foreign exchange
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Short-term Capital Movements
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Current Account Adjustment
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| 653 |
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|a Debt Management
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| 653 |
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|a Economics: General
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| 653 |
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|a Balance of payments
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| 653 |
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|a Debt
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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 Fiscal policy
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| 653 |
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|a International economics
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Central Banks and Their Policies
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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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 Public Finance
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| 700 |
1 |
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|a Hul, Yaroslav
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| 700 |
1 |
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|a Karam, Philippe
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| 700 |
1 |
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|a Remo, Adam
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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 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9798400259395.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2023/235/001.2023.issue-235-en.xml?cid=541416-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper presents a semi-structural macroeconomic model aimed at facilitating policy analysis and forecasting, primarily in countries with imperfect capital mobility and hybrid monetary policy regimes. Compared to earlier gap-trend projection models, the Forecasting Model of Internal and External Balance (FINEX) contains three main innovations: it accentuates external and internal balances; explicitly incorporates fiscal policy; and partly endogenizes the main trends. FINEX thus covers a broad set of policy instruments, including foreign exchange interventions (FXI), capital flow management measures (CFM), as well as common fiscal policy instruments. The model incorporates insights from the recent DSGE literature, while maintaining a more accessible gap-trend structure that lends itself to practical policy applications. While the paper refrains from drawing broad policy lessons, it emphasizes the model's ability to interpret recent data in terms of structural shocks and policy responses, thereby aiding policymakers in constructing coherent economic narratives and considering alternative scenarios
|