Macrofinancial modeling at central banks : recent developments and future directions /

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Bibliographic Details
Author / Creator:	Roger, Scott, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (38 pages)
Language:	English
Series:	IMF working paper ; WP/12/21 IMF working paper ; WP/12/21.
Subject:	Banks and banking, Central -- Econometric models. Economic forecasting -- Econometric models. Financial services industry -- Econometric models. Capital market -- Econometric models. Banks and banking, Central -- Econometric models. Capital market -- Econometric models. Economic forecasting -- Econometric models. Financial services industry -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499961

Hidden Bibliographic Details
Varying Form of Title:	At head of title: IMF Offices in Europe
Other authors / contributors:	Vlček, Jan, author. International Monetary Fund. Office in Europe, issuing body.
ISBN:	9781463942960 1463942966 9781463947552 1463947550 9781463931834
Notes:	Title from PDF title page (IMF Web site, viewed January 20, 2012). "January 2012." Includes bibliographical references (pages 21-25).
Summary:	This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which allow analysis of the macroeconomic effects of macroprudential policy tools and to evaluate elements of the Basel III reforms as a priority. The paper also reviews the main approaches to introducing financial frictions into general equilibrium models.

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