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GEM: a new international macroeconomic model

Bayoumi, Tamim A. - Internationaler Währungsfonds - 2004

Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...