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Mircheva, Borislava - 2015

Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We infer …

Persistent link: https://www.econbiz.de/10014412044

The Global Integrated Monetary and Fiscal Model (GIMF) : Theoretical Structure

Laxton, Douglas - 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/10014402511

Effects of Fiscal Stimulus in Structural Models

Kumhof, Michael - 2010

The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, account for differences between fiscal instruments, for differences between structural characteristics of...

Persistent link: https://www.econbiz.de/10014402816

Macroeconomic Effects of Public Pension Reforms

Pereira, Joana - 2010

The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a reduction in benefits and an increase in contribution rates. Using a five-region version of the IMF‘s Global Integrated Monetary and Fiscal model (GIMF), we find that public...

Persistent link: https://www.econbiz.de/10014403093

A New-Open-Economy Macro Model for Fiscal Policy Evaluation

Muir, Dirk - 2006

We develop a New-Open-Economy-Macro model in which Ricardian equivalence does not hold because of (i) distortionary labor and corporate income taxation; (ii) limited asset market participation; and (iii) because the overlapping-generations structure results in a disconnect between current and...

Persistent link: https://www.econbiz.de/10014399890

Australia's linkages with China : prospects and ramifications of China's economic transition

Karam, Philippe; Muir, Dirk - 2018

China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for … Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition …, three risks (both upside and downside) to China during this transition process are considered, focusing on their spillovers …

Persistent link: https://www.econbiz.de/10011866353

Spillovers from China onto Sub-Saharan Africa : insights from the Flexible System of Global Models (FSGM)

Anderson, Derek; Canales Kriljenko, Jorge Iván; … - 2015

What is the impact of economic spillovers from China on sub-Saharan Africa (SSA)? This is an increasingly important … question because of China's growing economic role as a partner of SSA countriesfor both trade and the buildup of infrastructure … in the region. The impact of spillovers from China has been an open question because of the challenge to use an …

Persistent link: https://www.econbiz.de/10011446369