LEADER 03971oam 22010094 450 001 9910965332703321 005 20250426110645.0 010 $a9786613822123 010 $a9781462372010 010 $a1462372015 010 $a9781452790510 010 $a1452790515 010 $a9781282545366 010 $a1282545361 010 $a9781451908763 010 $a1451908768 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(IMF)WPIEE2006081 035 $a(CaOOCEL)250994 035 $a(MiAaPQ)EBC3014506 035 $a(IMF)WPIEA2006081 035 $a(CaBNVSL)gtp00528129 035 $a(VaAlCD)20.500.12592/15tj4r 035 $aWPIEA2006081 035 $a(EXLCZ)993360000000443249 071 60$a250994$bCaOOCEL$q(Public Documents) 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 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 615 7$aEconomic model 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 997 $aUNINA