Getting to Know GIMF; The Simulation Properties of the Global Integrated Monetary and Fiscal Model

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research. Using a 5-region version of the GIMF, this paper illustrates the modelâ€™s macroeconomic properties by presenting its responses under a wide range of experiments, including fiscal, monetary, financial, demand, supply, and international shocks.

MoreLess

Year of publication:	2013-02-27
Authors:	Anderson, Derek ; Hunt, Ben ; Kortelainen, Mika ; Kumhof, Michael ; Laxton, Douglas ; Muir, Dirk ; Mursula, Susanna ; Snudden, Stephen
Institutions:	International Monetary Fund (IMF)
Subject:	Economic models \| Monetary policy \| Financial sector \| External shocks \| Fiscal policy \| Fiscal consolidation \| Government expenditures \| Demand \| business cycle \| fiscal multipliers \| general equilibrium models \| interest rates \| macroeconomic interdependence \| monetary policy \| policy effects \| simulation. \| inflation \| real interest rate \| real interest rates \| aggregate demand \| government spending \| fiscal stimulus \| taxation \| public debt \| nominal interest rate \| relative price \| nominal interest rates \| fiscal model \| fiscal instruments \| real wages \| tax rates \| increase in inflation \| relative prices \| fiscal shocks \| fiscal stabilizers \| price inflation \| tax cut \| taxes on labor \| public expenditures \| rising inflation \| tax cuts \| lower inflation \| real value \| budget constraint \| fiscal authority \| real rates \| rate of inflation \| rate of price inflation \| fall in inflation \| fiscal issues \| acceleration in inflation \| fiscal deficits \| debt-service \| foreign currency \| tax increase \| fiscal rule \| inflation rates \| fiscal policy rule \| fiscal measures

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 13/55 6 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242434