04316oam 22011294 450 991078852730332120230829002224.01-4623-7201-51-4527-9051-51-282-54536-11-4519-0876-89786613822123(CKB)3360000000443249(EBL)3014506(SSID)ssj0000943016(PQKBManifestationID)11503268(PQKBTitleCode)TC0000943016(PQKBWorkID)10975306(PQKB)10054750(OCoLC)246926514(MiAaPQ)EBC3014506(IMF)WPIEE2006081(EXLCZ)99336000000044324920020129d2006 uf 0engur|n|---|||||txtccrPractical Model-Based Monetary Policy Analysis : A How-To Guide /Douglas Laxton, Andrew Berg, Philippe KaramWashington, D.C. :International Monetary Fund,2006.1 online resource (69 p.)IMF Working Papers"March 2006."1-4518-6341-1 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. BUILDING THE MODEL""; ""IV. FORECASTING AND POLICY ANALYSIS""; ""V. AN EXAMPLE""; ""VI. CONCLUSIONS""; ""REFERENCES""This paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This workhorse model consists of an aggregate demand (or IS) curve, a price-setting (or Phillips) curve, a version of the uncovered interest parity condition, and a monetary policy reaction function. The paper discusses how to parameterize the model and use it for forecasting and policy analysis, illustrating with an application to Canada. It also introduces a set of useful software tools for conducting a model-consistent forecast.IMF Working Papers; Working Paper ;No. 2006/081Economic forecastingMonetary policyForeign ExchangeimfInflationimfMacroeconomicsimfProduction and Operations ManagementimfMonetary PolicyimfMoney and Interest Rates: Forecasting and SimulationimfModel Construction and EstimationimfComputational TechniquesimfPrice LevelimfDeflationimfMacroeconomics: ProductionimfEnergy: Demand and SupplyimfPricesimfCurrencyimfForeign exchangeimfOutput gapimfOil pricesimfReal exchange ratesimfExchange ratesimfProductionimfEconomic theoryimfUnited StatesimfEconomic forecasting.Monetary policy.Foreign ExchangeInflationMacroeconomicsProduction and Operations ManagementMonetary PolicyMoney and Interest Rates: Forecasting and SimulationModel Construction and EstimationComputational TechniquesPrice LevelDeflationMacroeconomics: ProductionEnergy: Demand and SupplyPricesCurrencyForeign exchangeOutput gapOil pricesReal exchange ratesExchange ratesProductionEconomic theoryLaxton Douglas1462103Berg Andrew1462104Karam Philippe1462105IMF Institute.International Monetary Fund.Policy Development and Review Dept.International Monetary Fund.Research Dept.DcWaIMFBOOK9910788527303321Practical Model-Based Monetary Policy Analysis3670990UNINA