LEADER 06390oam 22014774 450 001 9910789908003321 005 20230801223109.0 010 $a1-4639-5608-8 010 $a1-4639-4755-0 010 $a1-4639-4296-6 035 $a(CKB)2670000000185064 035 $a(EBL)1606528 035 $a(SSID)ssj0000942156 035 $a(PQKBManifestationID)11614186 035 $a(PQKBTitleCode)TC0000942156 035 $a(PQKBWorkID)10972885 035 $a(PQKB)11418743 035 $a(MiAaPQ)EBC1606528 035 $a(Au-PeEL)EBL1606528 035 $a(CaPaEBR)ebr10553704 035 $a(OCoLC)870244919 035 $a(IMF)WPIEE2012021 035 $a(IMF)WPIEA2012021 035 $a(EXLCZ)992670000000185064 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMacrofinancial Modeling At Central Banks : $eRecent Developments and Future Directions /$fJan Vlcek, Scott Roger 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (41 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4639-3183-2 320 $aIncludes bibliographical references. 327 $aCover; 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 Frictions 330 3 $aThis paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which allow analysis of the macroeconomic effects of macroprudential policy tools and to evaluate elements of the Basel III reforms as a priority. The paper also reviews the main approaches to introducing financial frictions into general equilibrium models. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2012/021 606 $aEquilibrium (Economics) 606 $aBanks and banking, Central 606 $aGlobal Financial Crisis, 2008-2009 606 $aBanks and Banking$2imf 606 $aEconometrics$2imf 606 $aFinance: General$2imf 606 $aEconomic Theory$2imf 606 $aForecasting$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aFinancial Forecasting and Simulation$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aForecasting and Simulation: Models and Applications$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFinancial Economics$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aComputable and Other Applied General Equilibrium Models$2imf 606 $aForecasting and Other Model Applications$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aEconomic theory & philosophy$2imf 606 $aEconometrics & economic statistics$2imf 606 $aEconomic Forecasting$2imf 606 $aFinancial frictions$2imf 606 $aFinancial stability assessment$2imf 606 $aInterbank markets$2imf 606 $aDynamic stochastic general equilibrium models$2imf 606 $aEconomic theory$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aEconomic forecasting$2imf 606 $aEconometric analysis$2imf 606 $aFinancial markets$2imf 606 $aBanks and banking$2imf 606 $aFinancial services industry$2imf 606 $aInternational finance$2imf 606 $aEconometric models$2imf 607 $aNew Zealand$2imf 615 0$aEquilibrium (Economics) 615 0$aBanks and banking, Central. 615 0$aGlobal Financial Crisis, 2008-2009. 615 7$aBanks and Banking 615 7$aEconometrics 615 7$aFinance: General 615 7$aEconomic Theory 615 7$aForecasting 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aFinancial Forecasting and Simulation 615 7$aFinancial Markets and the Macroeconomy 615 7$aForecasting and Simulation: Models and Applications 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFinancial Economics 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aComputable and Other Applied General Equilibrium Models 615 7$aForecasting and Other Model Applications 615 7$aBanking 615 7$aFinance 615 7$aEconomic theory & philosophy 615 7$aEconometrics & economic statistics 615 7$aEconomic Forecasting 615 7$aFinancial frictions 615 7$aFinancial stability assessment 615 7$aInterbank markets 615 7$aDynamic stochastic general equilibrium models 615 7$aEconomic theory 615 7$aFinancial sector policy and analysis 615 7$aEconomic forecasting 615 7$aEconometric analysis 615 7$aFinancial markets 615 7$aBanks and banking 615 7$aFinancial services industry 615 7$aInternational finance 615 7$aEconometric models 700 $aVlcek$b Jan$01497279 701 $aRoger$b Scott$01497280 801 0$bDcWaIMF 906 $aBOOK 912 $a9910789908003321 996 $aMacrofinancial Modeling At Central Banks$93722331 997 $aUNINA