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100   $a20020129d2006      uf         0
101 0 $aeng
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200 10$aPractical Model-Based Monetary Policy Analysis : $eA How-To Guide /$fDouglas Laxton, Andrew Berg, Philippe Karam
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (69 p.)
225 1 $aIMF Working Papers
300   $a"March 2006."
311 08$a9781451863413 
311 08$a1451863411 
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   $aMonetary policy$xEconometric models$zCanada
606   $aEconomic forecasting$xEconometric models$zCanada
606   $aAggregate demand$2Iptcnc
606   $aBayesian inference$2Iptcnc
606   $aCentral bank$2Iptcnc
606   $aConsumer price index$2Iptcnc
606   $aDemand$2Iptcnc
606   $aDisinflation$2Iptcnc
606   $aDynamic stochastic general equilibrium$2Iptcnc
606   $aEconometrics$2Iptcnc
606   $aEconomic equilibrium$2Iptcnc
606   $aEconomic model$2Iptcnc
615  0$aMonetary policy$xEconometric models.
615  0$aEconomic forecasting$xEconometric models.
615  7$aAggregate demand
615  7$aBayesian inference
615  7$aCentral bank
615  7$aConsumer price index
615  7$aDemand
615  7$aDisinflation
615  7$aDynamic stochastic general equilibrium
615  7$aEconometrics
615  7$aEconomic equilibrium
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676   $a332.8/2/0971
700   $aLaxton$b Douglas$01594457
701   $aBerg$b Andrew$01815664
701   $aKaram$b Philippe$01815665
712 02$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   $a9910965332703321
996   $aPractical Model-Based Monetary Policy Analysis$94371129
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