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Record Nr. |
UNINA9910788523303321 |
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Autore |
Laxton Douglas |
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Titolo |
A Practical Model-Based Approach to Monetary Policy Analysis—Overview / / Douglas Laxton, Andrew Berg, Philippe Karam |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-6292-3 |
1-4527-3198-5 |
1-282-44783-1 |
1-4519-0875-X |
9786613821034 |
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Descrizione fisica |
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1 online resource (45 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Monetary policy |
Economic forecasting |
Banks and Banking |
Foreign Exchange |
Inflation |
Production and Operations Management |
Price Level |
Deflation |
Interest Rates: Determination, Term Structure, and Effects |
Macroeconomics: Production |
Macroeconomics |
Currency |
Foreign exchange |
Finance |
Exchange rates |
Real interest rates |
Output gap |
Real exchange rates |
Prices |
Interest rates |
Production |
Economic theory |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references (p. 39-43). |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. MONETARY POLICY ANALYSIS AT THE IMF ""; ""III. MACROECONOMIC MODELING""; ""IV. BUILDING THE MODEL""; ""V. FORECASTING AND POLICY ANALYSIS46""; ""VI. AN EXAMPLE""; ""VII. CAVEATS AND FUTURE WORK""; ""VIII. CONCLUSIONS""; ""REFERENCES"" |
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Sommario/riassunto |
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This paper motivates and describes an approach to forecasting and monetary policy analysis based on the use of a simple structural macroeconomic model, along the lines of those in use in a number of central banks. It contrasts this approach with financial programming and its emphasis on monetary aggregates, as well as with more econometrically driven analyses. It presents illustrative results from an application to Canada. A companion paper provides a more detailed how-to guide and introduces a set of tools designed to facilitate this approach. |
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