Hidden Bibliographic Details
| Other authors / contributors: | Botman, Dennis (Dennis Petrus Johannes)
International Monetary Fund. Research Department.
International Monetary Fund. Fiscal Affairs Department.
IMF Institute.
|
|---|
| Notes: | Includes bibliographical references (pages 38-41).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the applications of two of these models. The Global Economy Model is a quarterly model that features a large assortment of nominal and real rigidities, which are necessary to create plausible short-run dynamics. However, because this model is based on a representative-agent paradigm, its Ricardian features make it unsuitable to study many fiscal policy issues. The Global Fiscal Model, which is an annual model that uses an overlappinggenerations structure, has been designed to analyze the longer-term consequences of alternative fiscal policies.
|
|---|
| Other form: | Print version: DSGE modeling at the Fund. [Washington, D.C.] : International Monetary Fund, Research Dept., Fiscal Affairs Dept. and IMF Institute, ©2007
|
|---|
