Macrofinancial Analysis in the World Economy
Author | : Francis Vitek |
Publisher | : International Monetary Fund |
Total Pages | : 112 |
Release | : 2015-10-28 |
ISBN-10 | : 9781513544984 |
ISBN-13 | : 1513544985 |
Rating | : 4/5 (985 Downloads) |
Download or read book Macrofinancial Analysis in the World Economy written by Francis Vitek and published by International Monetary Fund. This book was released on 2015-10-28 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, macroprudential policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary, fiscal and macroprudential transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.