06390oam 22014774 450 991078990800332120230801223109.01-4639-5608-81-4639-4755-01-4639-4296-6(CKB)2670000000185064(EBL)1606528(SSID)ssj0000942156(PQKBManifestationID)11614186(PQKBTitleCode)TC0000942156(PQKBWorkID)10972885(PQKB)11418743(MiAaPQ)EBC1606528(Au-PeEL)EBL1606528(CaPaEBR)ebr10553704(OCoLC)870244919(IMF)WPIEE2012021(IMF)WPIEA2012021(EXLCZ)99267000000018506420020129d2012 uf 0engur|n|---|||||txtccrMacrofinancial Modeling At Central Banks : Recent Developments and Future Directions /Jan Vlcek, Scott RogerWashington, D.C. :International Monetary Fund,2012.1 online resource (41 p.)IMF Working PapersDescription based upon print version of record.1-4639-3183-2 Includes bibliographical references.Cover; Contents; I. Introduction; II. Macrofinancial DSGE Models in Use by Central Banks; A. Models in Use Before the Crisis; Tables; 1. Central Bank Forecasting and Policy Analysis Models Prior to 2008; B. Model Development Since the Crisis; 2. Central Bank DSGE Forecasting Models Since 2008; 3. Published Central Bank Models with Financial Frictions; III. Challenges and Priorities for Model Development; References; Appendix; I. Approaches to Embedding Financial Frictions, Transmission Channels, and Risks in DSGE Models; 4. Approaches to Modeling Financial FrictionsThis paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which allow analysis of the macroeconomic effects of macroprudential policy tools and to evaluate elements of the Basel III reforms as a priority. The paper also reviews the main approaches to introducing financial frictions into general equilibrium models.IMF Working Papers; Working Paper ;No. 2012/021Equilibrium (Economics)Banks and banking, CentralGlobal Financial Crisis, 2008-2009Banks and BankingimfEconometricsimfFinance: GeneralimfEconomic TheoryimfForecastingimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfFinancial Forecasting and SimulationimfFinancial Markets and the MacroeconomyimfForecasting and Simulation: Models and ApplicationsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinancial EconomicsimfGeneral Financial Markets: Government Policy and RegulationimfGeneral Financial Markets: General (includes Measurement and Data)imfComputable and Other Applied General Equilibrium ModelsimfForecasting and Other Model ApplicationsimfBankingimfFinanceimfEconomic theory & philosophyimfEconometrics & economic statisticsimfEconomic ForecastingimfFinancial frictionsimfFinancial stability assessmentimfInterbank marketsimfDynamic stochastic general equilibrium modelsimfEconomic theoryimfFinancial sector policy and analysisimfEconomic forecastingimfEconometric analysisimfFinancial marketsimfBanks and bankingimfFinancial services industryimfInternational financeimfEconometric modelsimfNew ZealandimfEquilibrium (Economics)Banks and banking, Central.Global Financial Crisis, 2008-2009.Banks and BankingEconometricsFinance: GeneralEconomic TheoryForecastingMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralFinancial Forecasting and SimulationFinancial Markets and the MacroeconomyForecasting and Simulation: Models and ApplicationsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancial EconomicsGeneral Financial Markets: Government Policy and RegulationGeneral Financial Markets: General (includes Measurement and Data)Computable and Other Applied General Equilibrium ModelsForecasting and Other Model ApplicationsBankingFinanceEconomic theory & philosophyEconometrics & economic statisticsEconomic ForecastingFinancial frictionsFinancial stability assessmentInterbank marketsDynamic stochastic general equilibrium modelsEconomic theoryFinancial sector policy and analysisEconomic forecastingEconometric analysisFinancial marketsBanks and bankingFinancial services industryInternational financeEconometric modelsVlcek Jan1497279Roger Scott1497280DcWaIMFBOOK9910789908003321Macrofinancial Modeling At Central Banks3722331UNINA