Banks in The Global Integrated Monetary and Fiscal mode /

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Bibliographic Details
Imprint:[Washington, D.C] : International Monetary Fund, Asia and Pacific Department, 2015.
Description:1 online resource (49 pages).
Language:English
Series:IMF working paper ; WP/15/150
IMF working paper ; WP/15/150.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12504620
Hidden Bibliographic Details
Other authors / contributors:Andrle, Michal.
Kumhof, Michael.
Laxton, Douglas.
Muir, Dirk.
International Monetary Fund. Research Department.
ISBN:1513532960
9781513532967
1513515365
9781513515366
1513594788
9781513594781
ISSN:1018-5941
Notes:"July 2015."
Includes bibliographical references.
Online resource; title from PDF title page (viewed Aug. 2, 2016).
Summary:"The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE model developed by the Economic Modeling Division of the IMF for policy and scenario analysis. This paper compares two versions of GIMF, GIMF with a conventional financial accelerator, where bank balance sheets do not play a prominent role, and GIMF with both a financial accelerator and a fully specified banking sector that can make lending losses, and that is regulated according to Basel-III. The authors illustrate the comparative macroeconomic properties of both models by presenting their responses to a wide range of fiscal, demand, supply and financial shocks."--Abstract.
Other form:Print Version: 9781513532967
Standard no.:10.5089/9781513532967.001

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245 0 0 |a Banks in The Global Integrated Monetary and Fiscal mode /  |c prepared by Michal Andrle, Michael Kumhof, Douglas Laxton, and Dirk Muir. 
260 |a [Washington, D.C] :  |b International Monetary Fund, Asia and Pacific Department,  |c 2015. 
300 |a 1 online resource (49 pages). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/15/150 
500 |a "July 2015." 
504 |a Includes bibliographical references. 
520 |a "The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE model developed by the Economic Modeling Division of the IMF for policy and scenario analysis. This paper compares two versions of GIMF, GIMF with a conventional financial accelerator, where bank balance sheets do not play a prominent role, and GIMF with both a financial accelerator and a fully specified banking sector that can make lending losses, and that is regulated according to Basel-III. The authors illustrate the comparative macroeconomic properties of both models by presenting their responses to a wide range of fiscal, demand, supply and financial shocks."--Abstract. 
588 0 |a Online resource; title from PDF title page (viewed Aug. 2, 2016). 
505 0 |a Cover; Contents; I. Introduction; II. The Global Integrated Monetary and Fiscal Model (GIMF); A. Household Sector; B. Production Sector; C. Financial Sector; 1. Banks in GIMF-BGG; 2. Banks in GIMF-BANKS; D. International Dimensions; E. Fiscal and Monetary Policy; III. Properties of Fiscal Stimulus Shocks; A. Two-Year Increase in Government Consumption or Government Investment; B. Two-Year Increase in General or Targeted Lump-sum Transfers; C. Two-Year Decrease in Taxation; IV. Properties of Demand Shocks; A. Temporary Increase in the Policy Rate. 
505 8 |a B. Temporary Increase in Private Domestic DemandV. Properties of Supply Shocks; A. Productivity Shocks; 1. Permanent Increase in the Level of Productivity; 2. Persistent Increase in the Growth Rate of Productivity; B. Permanent Drop in Wage Markups; C. Permanent Drop in Price Markups; D. Permanent Increase in Tariffs; VI. Properties of Financial Sector Shocks; A. Temporary Increase in Borrower Riskiness; 1. Equal Impact Effect on External Financing Spread; 2. Equal Size of Shock to Borrower Riskiness; B. Shocks to Macroprudential Policy Settings in GIMF-BANKS. 
505 8 |a 1. Fixed versus Countercyclical MCAR2. Immediate versus Gradual Increase in MCAR; VII. Conclusion; References; Figures; 1. Temporary Stimulus Through Government Consumption (1pc of GDP for 2 years); 2. Temporary Stimulus Through Government Investment (1pc of GDP for 2 years); 3. Temporary Stimulus Through Government Consumption -- Bank Loan Losses; 4. Temporary Stimulus Through Targeted Transfers (1pc of GDP for 2 years); 5. Temporary Stimulus Through General Transfers (1pc of GDP for 2 years); 6. Temporary Stimulus Through Lower Consumption Taxes (1pc of GDP for 2 years) 
505 8 |a 7. Temporary Stimulus Through Lower Labor Income Taxes (1pc of GDP for 2 years)8. Temporary Stimulus Through Lower Capital Income Taxes (1pc of GDP for 2 years); 9. Temporary Increase in the Policy Rate; 10. Temporary Increase in Private Domestic Demand; 11. Permanent Increase in Labor Productivity; 12. Ten-Year Increase in Labor Productivity Growth; 13. Permanent Drop in Wage Markup; 14. Permanent Drop in Price Markup; 15. Permanent Increase in Tariffs; 16. Temporary Increase in Borrower Riskiness -- Equal External Financing Spreads. 
505 8 |a 17. Temporary Increase in Borrower Riskiness -- Bank Loan Losses18. Temporary Increase in Borrower Riskiness -- Equal Shock Sizes; 19. Fixed versus Countercyclical MCAR; 20. Immediate versus Gradual Increase in MCAR. 
650 0 |a Banks and banking  |x Econometric models. 
650 0 |a Bank loans  |x Econometric models. 
650 6 |a Prêts bancaires  |x Modèles économétriques. 
650 7 |a Bank loans  |x Econometric models.  |2 fast  |0 (OCoLC)fst00826709 
650 7 |a Banks and banking  |x Econometric models.  |2 fast  |0 (OCoLC)fst00826918 
655 4 |a Electronic books. 
700 1 |a Andrle, Michal.  |0 http://id.loc.gov/authorities/names/no2009200850 
700 1 |a Kumhof, Michael.  |0 http://id.loc.gov/authorities/names/no2002021979 
700 1 |a Laxton, Douglas.  |0 http://id.loc.gov/authorities/names/no92032009 
700 1 |a Muir, Dirk.  |0 http://id.loc.gov/authorities/names/no2006037299 
710 2 |a International Monetary Fund.  |b Research Department.  |0 http://id.loc.gov/authorities/names/n77001219 
776 0 8 |a Print Version:  |z 9781513532967 
830 0 |a IMF working paper ;  |v WP/15/150.  |0 http://id.loc.gov/authorities/names/no89010263 
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