04120oam 22010814 450 991078852330332120230829002146.01-4623-6292-31-4527-3198-51-282-44783-11-4519-0875-X9786613821034(CKB)3360000000443142(EBL)3014523(SSID)ssj0000940023(PQKBManifestationID)11528461(PQKBTitleCode)TC0000940023(PQKBWorkID)10945932(PQKB)10565108(OCoLC)270936746(MiAaPQ)EBC3014523(IMF)WPIEE2006080(EXLCZ)99336000000044314220020129d2006 uf 0engur|n|---|||||txtccrA Practical Model-Based Approach to Monetary Policy Analysis—Overview /Douglas Laxton, Andrew Berg, Philippe KaramWashington, D.C. :International Monetary Fund,2006.1 online resource (45 p.)IMF Working Papers"March 2006".1-4518-6340-3 Includes bibliographical references (p. 39-43).""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""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.IMF Working Papers; Working Paper ;No. 2006/080Monetary policyEconomic forecastingBanks and BankingimfForeign ExchangeimfInflationimfProduction and Operations ManagementimfPrice LevelimfDeflationimfInterest Rates: Determination, Term Structure, and EffectsimfMacroeconomics: ProductionimfMacroeconomicsimfCurrencyimfForeign exchangeimfFinanceimfExchange ratesimfReal interest ratesimfOutput gapimfReal exchange ratesimfPricesimfInterest ratesimfProductionimfEconomic theoryimfUnited StatesimfMonetary policy.Economic forecasting.Banks and BankingForeign ExchangeInflationProduction and Operations ManagementPrice LevelDeflationInterest Rates: Determination, Term Structure, and EffectsMacroeconomics: ProductionMacroeconomicsCurrencyForeign exchangeFinanceExchange ratesReal interest ratesOutput gapReal exchange ratesPricesInterest ratesProductionEconomic theoryLaxton Douglas1462103Berg Andrew1462104Karam Philippe1462105International Monetary Fund.DcWaIMFBOOK9910788523303321A Practical Model-Based Approach to Monetary Policy Analysis—Overview3670954UNINA