LEADER 04120oam 22010814 450 001 9910788523303321 005 20230829002146.0 010 $a1-4623-6292-3 010 $a1-4527-3198-5 010 $a1-282-44783-1 010 $a1-4519-0875-X 010 $a9786613821034 035 $a(CKB)3360000000443142 035 $a(EBL)3014523 035 $a(SSID)ssj0000940023 035 $a(PQKBManifestationID)11528461 035 $a(PQKBTitleCode)TC0000940023 035 $a(PQKBWorkID)10945932 035 $a(PQKB)10565108 035 $a(OCoLC)270936746 035 $a(MiAaPQ)EBC3014523 035 $a(IMF)WPIEE2006080 035 $a(EXLCZ)993360000000443142 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 12$aA Practical Model-Based Approach to Monetary Policy Analysis?Overview /$fDouglas Laxton, Andrew Berg, Philippe Karam 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (45 p.) 225 1 $aIMF Working Papers 300 $a"March 2006". 311 $a1-4518-6340-3 320 $aIncludes bibliographical references (p. 39-43). 327 $a""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"" 330 3 $aThis paper motivates and describes an approach to forecasting and monetary policy analysis based on the use of a simple structural macroeconomic model, along the lines of those in use in a number of central banks. It contrasts this approach with financial programming and its emphasis on monetary aggregates, as well as with more econometrically driven analyses. It presents illustrative results from an application to Canada. A companion paper provides a more detailed how-to guide and introduces a set of tools designed to facilitate this approach. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/080 606 $aMonetary policy 606 $aEconomic forecasting 606 $aBanks and Banking$2imf 606 $aForeign Exchange$2imf 606 $aInflation$2imf 606 $aProduction and Operations Management$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aInterest Rates: Determination, Term Structure, and Effects$2imf 606 $aMacroeconomics: Production$2imf 606 $aMacroeconomics$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aFinance$2imf 606 $aExchange rates$2imf 606 $aReal interest rates$2imf 606 $aOutput gap$2imf 606 $aReal exchange rates$2imf 606 $aPrices$2imf 606 $aInterest rates$2imf 606 $aProduction$2imf 606 $aEconomic theory$2imf 607 $aUnited States$2imf 615 0$aMonetary policy. 615 0$aEconomic forecasting. 615 7$aBanks and Banking 615 7$aForeign Exchange 615 7$aInflation 615 7$aProduction and Operations Management 615 7$aPrice Level 615 7$aDeflation 615 7$aInterest Rates: Determination, Term Structure, and Effects 615 7$aMacroeconomics: Production 615 7$aMacroeconomics 615 7$aCurrency 615 7$aForeign exchange 615 7$aFinance 615 7$aExchange rates 615 7$aReal interest rates 615 7$aOutput gap 615 7$aReal exchange rates 615 7$aPrices 615 7$aInterest rates 615 7$aProduction 615 7$aEconomic theory 700 $aLaxton$b Douglas$01462103 701 $aBerg$b Andrew$01462104 701 $aKaram$b Philippe$01462105 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788523303321 996 $aA Practical Model-Based Approach to Monetary Policy Analysis?Overview$93670954 997 $aUNINA