Series: IMF Working Papers
Author(s): Douglas Laxton , Susanna Mursula , Michael Kumhof , and Dirk Muir
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2010
Keywords: Fiscal Policy Rules, Monetary Policy Rules, Multi-Region DSGE Models, Overlapping Generations Households, Liquidity Constrained Households, Financial Accelerator, Macro-Financial Linkages, Raw Materials Sector, investment goods, fiscal stimulus
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...