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Adding China to the Global Projection Model1 »
Source: Adding China to the Global Projection Model
Volume/Issue: 2013/256
Series: IMF Working Papers
Author(s): Patrick Blagrave , Peter Elliott , Roberto Garcia-Saltos , Douglas Hostland , Douglas Laxton , and Fan Zhang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 December 2013
ISBN: 9781484317631
Keywords: Global Macroeconomic Model, inflation target, real interest rate, General, Global Outlook, General,
We extend the Global Projection Model (GPM) to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with other key econom...
Adding Indonesia to the Global Projection Model1 »
Source: Adding Indonesia to the Global Projection Model
Volume/Issue: 2009/253
Series: IMF Working Papers
Author(s): Roberto Garcia-Saltos , Douglas Laxton , Michal Andrle , Haris Munandar , Charles Freedman , and Danny Hermawan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2009
ISBN: 9781451941715
Keywords: Macroeconomic Modeling, Bayesian Estimation, inflation, rate of inflation, real interest rate, Model Construction and Estimation,
This is the fifth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which ec...
Adding Latin America to the Global Projection Model1 »
Source: Adding Latin America to the Global Projection Model
Volume/Issue: 2009/85
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2009
ISBN: 9781451872323
Keywords: Macroeconomic Modeling, Bayesian Estimation, inflation, equation, forecasting, real interest rate,
This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which e...
Can You Map Global Financial Stability? »
Source: Can You Map Global Financial Stability?
Volume/Issue: 2010/145
Series: IMF Working Papers
Author(s): Jaume Puig , Ken Miyajima , Rebecca McCaughrin , and Peter Dattels
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2010
ISBN: 9781455201280
Keywords: Early-warning indicator, inflation, bond, financial system, financial markets, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, Financial Economics: General, Public Economics: General
The Global Financial Stability Map was developed as a tool to interpret the risks and conditions that impact financial stability in a graphical manner. It complements other existing tools for assessing financial st...
Does Financial Globalization Induce Better Macroeconomic Policies? »
Source: Does Financial Globalization Induce Better Macroeconomic Policies?
Volume/Issue: 2004/84
Series: IMF Working Papers
Author(s): Shang-Jin Wei , and Irina Tytell
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2004
ISBN: 9781451850673
Keywords: Discipline effect, mood swings, deficit, financial globalization, foreign assets, and deficit,
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies whether financial globalization has helped induce governments to pursue better macroeconomic policies...
Does Global Liquidity Matter for Monetary Policy in the Euro Area? »
Source: Does Global Liquidity Matter for Monetary Policy in the Euro Area?
Volume/Issue: 2009/17
Series: IMF Working Papers
Author(s): Helge Berger , and Thomas Harjes
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2009
ISBN: 9781451871647
Keywords: Global excess liquidity, interest rate channel, forecasting accuracy, price level, money stock, monetary aggregates,
Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess liquidity and our app...
Getting to Know the Global Economy Model and Its Philosophy »
Source: IMF Staff Papers, Volume 55, No. 2
Volume: 55
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 June 2008
ISBN: 9781589067233
Keywords: equations, inflation, equation, monetary policy, calibration
This special issue is devoted to the Global Economy Model (GEM), a dynamic stochastic general equilibrium models widely used by the IMF and central banks worldwide to study issues that cannot be adequately addresse...
The Global Economy Model: Theoretical Framework »
Source: IMF Staff Papers, Volume 55, No. 2
Volume: 55
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 June 2008
ISBN: 9781589067233
Keywords: equations, inflation, equation, monetary policy, calibration
This special issue is devoted to the Global Economy Model (GEM), a dynamic stochastic general equilibrium models widely used by the IMF and central banks worldwide to study issues that cannot be adequately addresse...
Global Factors in the Term Structure of Interest Rates »
Source: Global Factors in the Term Structure of Interest Rates
Volume/Issue: 2013/223
Series: IMF Working Papers
Author(s): Mirko Abbritti , Salvatore Dell'Erba , Antonio Moreno , and Sergio Sola
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 05 November 2013
ISBN: 9781475513516
Keywords: Yield Curve, Global Factors, FAVAR, Affine Term Structure Models, Term Premium, inflation, monetary economics, expansionary monetary policy, monetary policies, Time-Series Models
This paper introduces global factors within a FAVAR framework in an empirical affine term structure model. We apply our method to a panel of international yield curves and show that global factors account for more...
Global Food Price Inflation and Policy Responses in Central Asia »
Source: Global Food Price Inflation and Policy Responses in Central Asia
Volume/Issue: 2012/86
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2012
ISBN: 9781475502497
Keywords: central bank, monetary fund, price stability, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation, Kyrgyzstan, Food Price Shocks, Policy Responses,
This paper examines the implications of elevated global food prices for inflation in select Central Asian economies - Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The findings suggest that global fo...