An Estimated Model with Macrofinancial Linkages for India / / Magnus Saxegaard, Rahul Anand, Shanaka Peiris

• Record Nr.: UNINA9910788220803321
• Autore: Saxegaard Magnus
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2010
• ISBN: 1-4623-5373-8; 1-4519-6232-0; 1-4527-0262-4; 9786612845291; 1-282-84529-2
• Descrizione fisica: 1 online resource (45 pages) : illustrations (some color)
• Collana: IMF Working Papers; IMF working paper ; ; WP/10/21
• Altri autori (Persone): AnandRahul; PeirisShanaka
• Disciplina: 332.4954
• Soggetti: Monetary policy - India - Econometric models; Banks and banking, Central - India - Econometric models; Banks and banking, Central - Econometric models; Monetary policy - Econometric models; Foreign Exchange; Inflation; Investments: General; Labor; Macroeconomics; Monetary Policy; Central Banks and Their Policies; Policy Objectives; Policy Designs and Consistency; Policy Coordination; Labor Demand; Price Level; Deflation; Macroeconomics: Consumption; Saving; Wealth; Investment; Capital; Intangible Capital; Capacity; Labour; income economics; Currency; Foreign exchange; Self-employment; Exchange rates; Consumption; Depreciation; Prices; National accounts; Self-employed; Economics; Saving and investment; India
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references.
• Sommario/riassunto: This paper develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of financial frictions in the amplification and propagation of the effects of transitory shocks. We use Bayesian estimation techniques to estimate the model using India data. The model is used to assess the importance of the financial accelerator in India and the optimality of monetary policy.