Title Macrofinancial analysis in the world economy : a panel dynamic stochastic general equilibrium approach / prepared by Francis Vitek

Published [Washington, D.C.] : International Monetary Fund, ©2015

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Description 1 online resource (112 pages) : color illustrations Series IMF working paper ; WP/15/227 IMF working paper ; WP/15/227. Summary 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. --Abstract Notes "October 2015." "Monetary and Capital Markets Department." Bibliography Includes bibliographical references (pages 110-111) Notes Online resource; title from pdf title page (IMF.org Web site, viewed November 2, 2015) Subject Macroeconomics -- Econometric models. Industries -- Econometric models Imports -- Econometric models Exports -- Econometric models Banks and banking -- Econometric models Bank loans -- Econometric models Monetary policy -- Econometric models Fiscal policy -- Econometric models Financial risk management -- Econometric models Capital movements -- Econometric models Bank loans -- Econometric models Banks and banking -- Econometric models Capital movements -- Econometric models Exports -- Econometric models Fiscal policy -- Econometric models Imports -- Econometric models Industries -- Econometric models Macroeconomics -- Econometric models Monetary policy -- Econometric models Bayesian Analysis. Financial Markets and the Macroeconomy. Macroprudential Policy Analysis. Open Economy Macroeconomics. Spillover Analysis. World Economy. United States. Form Electronic book Author International Monetary Fund. Monetary and Capital Markets Department. ISBN 1513537423 9781513537429 1513525115 9781513525112 1513551140 9781513551142 ISSN 1018-5941

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