Policy and Spillover Analysis in the World Economy
Title | Policy and Spillover Analysis in the World Economy PDF eBook |
Author | Francis Vitek |
Publisher | International Monetary Fund |
Pages | 95 |
Release | 2014-10-30 |
Genre | Business & Economics |
ISBN | 1616355786 |
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, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary and fiscal transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.
Policy Analysis and Forecasting in the World Economy
Title | Policy Analysis and Forecasting in the World Economy PDF eBook |
Author | Francis Vitek |
Publisher | International Monetary Fund |
Pages | 89 |
Release | 2013-12-19 |
Genre | Business & Economics |
ISBN | 1484314603 |
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within and across economies. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated, based on a Bayesian framework for conditioning on judgment.
Policy, Risk and Spillover Analysis in the World Economy
Title | Policy, Risk and Spillover Analysis in the World Economy PDF eBook |
Author | Francis Vitek |
Publisher | International Monetary Fund |
Pages | 122 |
Release | 2017-04-04 |
Genre | Business & Economics |
ISBN | 1475592809 |
This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies, to facilitate multilaterally consistent macrofinancial policy, risk and spillover analysis. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. These macrofinancial linkages encompass bank and capital market based financial intermediation, with financial accelerator mechanisms linked to the values of the housing and physical capital stocks. 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.
Macrofinancial Analysis in the World Economy
Title | Macrofinancial Analysis in the World Economy PDF eBook |
Author | Francis Vitek |
Publisher | International Monetary Fund |
Pages | 112 |
Release | 2015-10-28 |
Genre | Business & Economics |
ISBN | 1513544985 |
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.
Policy Analysis and Forecasting in the World Economy
Title | Policy Analysis and Forecasting in the World Economy PDF eBook |
Author | Francis Vitek |
Publisher | International Monetary Fund |
Pages | 77 |
Release | 2012-06-01 |
Genre | Business & Economics |
ISBN | 1475599560 |
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within and across economies. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated, based on a Bayesian framework for conditioning on judgment.
Policy and Spillover Analysis in the World Economy
Title | Policy and Spillover Analysis in the World Economy PDF eBook |
Author | Francis Vitek |
Publisher | International Monetary Fund |
Pages | 95 |
Release | 2014-10-30 |
Genre | Business & Economics |
ISBN | 1498381154 |
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, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary and fiscal transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.
Spillovers to and from the Nordic Economies
Title | Spillovers to and from the Nordic Economies PDF eBook |
Author | Francis Vitek |
Publisher | International Monetary Fund |
Pages | 30 |
Release | 2013-11-05 |
Genre | Business & Economics |
ISBN | 1475513496 |
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find that the Nordic economies are heavily exposed to external macroeconomic and financial shocks, but have significant scope to mitigate their domestic macroeconomic impacts through coordinated policy responses, given their high degree of regional integration.