The Flexible System of Global Models - FSGM

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The Flexible System of Global Models - FSGM
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Volume/Issue:
2015/64
Series:
IMF Working Papers
Author(s):
Michal Andrle, Patrick Blagrave, Pedro Espaillat, Keiko Honjo, Benjamin Hunt, Mika Kortelainen, René Lalonde, Douglas Laxton, Eleonara Mavroeidi, Dirk Muir, Susanna Mursula, and Stephen Snudden
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
March 2015
DOI:
http://dx.doi.org/10.5089/9781475518665.001
ISBN:
9781475518665
ISSN:
1018-5941
Page:
66
The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on the G-20, the euro area, and emerging market economies, this paper outlines the theory under-pinning the model, and illustrates its macroeconomic properties by presenting its responses under a wide range of experiments, including monetary, financial, demand, supply, fiscal and international shocks.
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