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We develop a five-region version (Canada, an oil exporter, the United States, emerging Asia and Japan plus the euro …
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We develop a five-region version (Canada, a group of oil exporting countries, the United States, emerging Asia and …
Persistent link: https://www.econbiz.de/10012464854
We develop a five-region version (Canada, a group of oil exporting countries, the United States, emerging Asia and …
Persistent link: https://www.econbiz.de/10012759537
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE model developed by the Economic Modeling Division of the IMF for policy and scenario analysis. This paper compares two versions of GIMF, GIMF with a conventional financial accelerator, where bank balance sheets do not...
Persistent link: https://www.econbiz.de/10013016607
This paper lays out a structural model that incorporates key features of monetary transmission in typical emerging-market economies, including a bank-credit channel and the role of external debt accumulation on country risk premia and exchange rate dynamics. We use an SVAR representation of the...
Persistent link: https://www.econbiz.de/10012677640
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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 model's...
Persistent link: https://www.econbiz.de/10013064363