03971oam 22010094 450 991096533270332120250426110645.0978661382212397814623720101462372015978145279051014527905159781282545366128254536197814519087631451908768(CKB)3360000000443249(EBL)3014506(SSID)ssj0000943016(PQKBManifestationID)11503268(PQKBTitleCode)TC0000943016(PQKBWorkID)10975306(PQKB)10054750(OCoLC)246926514(IMF)WPIEE2006081(CaOOCEL)250994(MiAaPQ)EBC3014506(IMF)WPIEA2006081(CaBNVSL)gtp00528129(VaAlCD)20.500.12592/15tj4rWPIEA2006081(EXLCZ)993360000000443249250994CaOOCEL(Public Documents)20020129d2006 uf 0engur|n|---|||||txtccrPractical Model-Based Monetary Policy Analysis : A How-To Guide /Douglas Laxton, Andrew Berg, Philippe Karam1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (69 p.)IMF Working Papers"March 2006."9781451863413 1451863411 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. 2006/081Monetary policyEconometric modelsCanadaEconomic forecastingEconometric modelsCanadaAggregate demandIptcncBayesian inferenceIptcncCentral bankIptcncConsumer price indexIptcncDemandIptcncDisinflationIptcncDynamic stochastic general equilibriumIptcncEconometricsIptcncEconomic equilibriumIptcncEconomic modelIptcncMonetary policyEconometric models.Economic forecastingEconometric models.Aggregate demandBayesian inferenceCentral bankConsumer price indexDemandDisinflationDynamic stochastic general equilibriumEconometricsEconomic equilibriumEconomic model332.8/2/0971Laxton Douglas1594457Berg Andrew1815664Karam Philippe1815665IMF Institute.International Monetary Fund.Policy Development and Review Dept.International Monetary Fund.Research Dept.DcWaIMFBOOK9910965332703321Practical Model-Based Monetary Policy Analysis4371129UNINA