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Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with carbon pricing only for comparison with the comprehensive...
Persistent link: https://www.econbiz.de/10012605547
significant impact on market-implied sovereign default risk. This adverse effect appears to be more pronounced in advanced …
Persistent link: https://www.econbiz.de/10012392655
The coronavirus pandemic is a global crisis like no other in modern times, and there is a growing apprehension about … risk of infectious diseases affects demand for physical cash. Since the intensity of cash use may influence the spread of …
Persistent link: https://www.econbiz.de/10012392624
explain the epidemic development in the UK, the USA and Brazil through the model lens. Moreover, we show how our model would …
Persistent link: https://www.econbiz.de/10012796794
Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on their economies. We develop an empirically-oriented New Keynesian model to evaluate and quantify...
Persistent link: https://www.econbiz.de/10012299311
A dynamic stochastic general equilibrium (DSGE) model tailored to the Thai economy is used to explore the performance …
Persistent link: https://www.econbiz.de/10012251910
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi …
Persistent link: https://www.econbiz.de/10012112123
We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy …
Persistent link: https://www.econbiz.de/10014402869
When estimating DSGE models, the number of observable economic variables is usually kept small, and it is conveniently … assumed that DSGE model variables are perfectly measured by a single data series. Building upon Boivin and Giannoni (2006), we … relax these two assumptions and estimate a fairly simple monetary DSGE model on a richer data set. Using post-1983 U …
Persistent link: https://www.econbiz.de/10014398279
This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the...
Persistent link: https://www.econbiz.de/10014411162