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The Global Integrated Monetary and Fiscal Model (GIMF); Theoretical Structure
Laxton, Douglas; Mursula, Susanna; Kumhof, Michael; … - International Monetary Fund (IMF) - 2010
This working paper presents a comprehensive overview of the theoretical structure of the Global Integrated Monetary and Fiscal Model (GIMF), a multi-region dynamic general equilibrium model that is used by the IMF for a variety of tasks including policy analysis, risk analysis, and surveillance.
Persistent link: https://www.econbiz.de/10008519497
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Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits
Laxton, Douglas; Muir, Dirk; Kumhof, Michael; Mursula, … - International Monetary Fund (IMF) - 2009
. A permanent 0.5 percentage point increase in the U.S. deficit to GDP ratio raises the U.S. tax burden and world real …
Persistent link: https://www.econbiz.de/10008497609
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Budget Consolidation; Short-Term Pain and Long-Term Gain
Laxton, Douglas; Mursula, Susanna; Clinton, Kevin; … - International Monetary Fund (IMF) - 2010
The paper evaluates the costs and benefits of fiscal consolidation using simulations based on the IMFs global DSGE … both the growth rate and the level of output. The gains may be enhanced by shifting some of the tax burden from incomes to …
Persistent link: https://www.econbiz.de/10008560421