LEADER 04316oam 22011294 450 001 9910788527303321 005 20230829002224.0 010 $a1-4623-7201-5 010 $a1-4527-9051-5 010 $a1-282-54536-1 010 $a1-4519-0876-8 010 $a9786613822123 035 $a(CKB)3360000000443249 035 $a(EBL)3014506 035 $a(SSID)ssj0000943016 035 $a(PQKBManifestationID)11503268 035 $a(PQKBTitleCode)TC0000943016 035 $a(PQKBWorkID)10975306 035 $a(PQKB)10054750 035 $a(OCoLC)246926514 035 $a(MiAaPQ)EBC3014506 035 $a(IMF)WPIEE2006081 035 $a(EXLCZ)993360000000443249 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPractical Model-Based Monetary Policy Analysis : $eA How-To Guide /$fDouglas Laxton, Andrew Berg, Philippe Karam 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (69 p.) 225 1 $aIMF Working Papers 300 $a"March 2006." 311 $a1-4518-6341-1 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. BUILDING THE MODEL""; ""IV. FORECASTING AND POLICY ANALYSIS""; ""V. AN EXAMPLE""; ""VI. CONCLUSIONS""; ""REFERENCES"" 330 3 $aThis paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This workhorse model consists of an aggregate demand (or IS) curve, a price-setting (or Phillips) curve, a version of the uncovered interest parity condition, and a monetary policy reaction function. The paper discusses how to parameterize the model and use it for forecasting and policy analysis, illustrating with an application to Canada. It also introduces a set of useful software tools for conducting a model-consistent forecast. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/081 606 $aEconomic forecasting 606 $aMonetary policy 606 $aForeign Exchange$2imf 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $aProduction and Operations Management$2imf 606 $aMonetary Policy$2imf 606 $aMoney and Interest Rates: Forecasting and Simulation$2imf 606 $aModel Construction and Estimation$2imf 606 $aComputational Techniques$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aMacroeconomics: Production$2imf 606 $aEnergy: Demand and Supply$2imf 606 $aPrices$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aOutput gap$2imf 606 $aOil prices$2imf 606 $aReal exchange rates$2imf 606 $aExchange rates$2imf 606 $aProduction$2imf 606 $aEconomic theory$2imf 607 $aUnited States$2imf 615 0$aEconomic forecasting. 615 0$aMonetary policy. 615 7$aForeign Exchange 615 7$aInflation 615 7$aMacroeconomics 615 7$aProduction and Operations Management 615 7$aMonetary Policy 615 7$aMoney and Interest Rates: Forecasting and Simulation 615 7$aModel Construction and Estimation 615 7$aComputational Techniques 615 7$aPrice Level 615 7$aDeflation 615 7$aMacroeconomics: Production 615 7$aEnergy: Demand and Supply 615 7$aPrices 615 7$aCurrency 615 7$aForeign exchange 615 7$aOutput gap 615 7$aOil prices 615 7$aReal exchange rates 615 7$aExchange rates 615 7$aProduction 615 7$aEconomic theory 700 $aLaxton$b Douglas$01462103 701 $aBerg$b Andrew$01462104 701 $aKaram$b Philippe$01462105 712 02$aIMF Institute. 712 02$aInternational Monetary Fund.$bPolicy Development and Review Dept. 712 02$aInternational Monetary Fund.$bResearch Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788527303321 996 $aPractical Model-Based Monetary Policy Analysis$93670990 997 $aUNINA