03776oam 22009854 450 991095981410332120250426110948.097866138210349781462362929146236292397814527319881452731985978128244783712824478319781451908756145190875X(CKB)3360000000443142(EBL)3014523(SSID)ssj0000940023(PQKBManifestationID)11528461(PQKBTitleCode)TC0000940023(PQKBWorkID)10945932(PQKB)10565108(OCoLC)270936746(IMF)WPIEE2006080(CaOOCEL)250993(MiAaPQ)EBC3014523(IMF)WPIEA2006080(CaBNVSL)gtp00530592(VaAlCD)20.500.12592/n93bf6WPIEA2006080(EXLCZ)993360000000443142250993CaOOCEL(Public Documents)20020129d2006 uf 0engur|n|---|||||txtccrA Practical Model-Based Approach to Monetary Policy Analysis—Overview /Douglas Laxton, Andrew Berg, Philippe Karam1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (45 p.)IMF Working Papers"March 2006".9781451863406 1451863403 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 forecastingAggregate demandIptcncCentral bankIptcncDemand for moneyIptcncDisinflationIptcncDynamic stochastic general equilibriumIptcncEconometricsIptcncEconomic equilibriumIptcncEconomic modelIptcncEconomicsIptcncEconomyIptcncMonetary policy.Economic forecasting.Aggregate demandCentral bankDemand for moneyDisinflationDynamic stochastic general equilibriumEconometricsEconomic equilibriumEconomic modelEconomicsEconomy332.46Laxton Douglas1594457Berg Andrew1815664Karam Philippe1815665International Monetary Fund.DcWaIMFBOOK9910959814103321A Practical Model-Based Approach to Monetary Policy Analysis—Overview4372926UNINA