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[null,"1.","Record Nr.",null,"UNINA9910959589903321"]
[null,null,"Autore",null,"Vitek Francis"]
[null,null,"Titolo",null,"Macrofinancial Analysis in the World Economy : : A Panel Dynamic Stochastic General Equilibrium Approach / / Francis Vitek"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2015"]
[null,null,"ISBN",null,"9781513544984"]
[{"$nulls":4},"1513544985"]
[{"$nulls":4},"9781513525112"]
[{"$nulls":4},"1513525115"]
[{"$nulls":4},"9781513551142"]
[{"$nulls":4},"1513551140"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (113 pages)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Soggetti",null,"Macroeconomics - Econometric models"]
[{"$nulls":4},"Monetary policy - Econometric models"]
[{"$nulls":4},"Bank loans - Econometric models"]
[{"$nulls":4},"Banks and Banking"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Money and Monetary Policy"]
[{"$nulls":4},"Inflation"]
[{"$nulls":4},"Econometrics"]
[{"$nulls":4},"Bayesian Analysis: General"]
[{"$nulls":4},"Multiple or Simultaneous Equation Models: Models with Panel Data"]
[{"$nulls":4},"Model Construction and Estimation"]
[{"$nulls":4},"Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)"]
[{"$nulls":4},"Financial Markets and the Macroeconomy"]
[{"$nulls":4},"Monetary Policy"]
[{"$nulls":4},"Fiscal Policy"]
[{"$nulls":4},"Open Economy Macroeconomics"]
[{"$nulls":4},"Banks"]
[{"$nulls":4},"Depository Institutions"]
[{"$nulls":4},"Micro Finance Institutions"]
[{"$nulls":4},"Mortgages"]
[{"$nulls":4},"Financial Institutions and Services: Government Policy and Regulation"]
[{"$nulls":4},"Interest Rates: Determination, Term Structure, and Effects"]
[{"$nulls":4},"Monetary Policy, Central Banking, and the Supply of Money and Credit: General"]
[{"$nulls":4},"Macroeconomics: Consumption"]
[{"$nulls":4},"Saving"]
[{"$nulls":4},"Wealth"]
[{"$nulls":4},"Price Level"]
[{"$nulls":4},"Deflation"]
[{"$nulls":4},"Computable and Other Applied General Equilibrium Models"]
[{"$nulls":4},"Banking"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Monetary economics"]
[{"$nulls":4},"Econometrics & economic statistics"]
[{"$nulls":4},"Market interest rates"]
[{"$nulls":4},"Bank credit"]
[{"$nulls":4},"Central bank policy rate"]
[{"$nulls":4},"Consumption"]
[{"$nulls":4},"Financial services"]
[{"$nulls":4},"National accounts"]
[{"$nulls":4},"Prices"]
[{"$nulls":4},"Dynamic stochastic general equilibrium models"]
[{"$nulls":4},"Econometric analysis"]
[{"$nulls":4},"Interest rates"]
[{"$nulls":4},"Banks and banking"]
[{"$nulls":4},"Credit"]
[{"$nulls":4},"Economics"]
[{"$nulls":4},"Econometric models"]
[{"$nulls":4},"United Kingdom"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"IMF working papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF working papers are those of the author(s) and do not necessarily represent the views of the IMF, its executive board, or IMF management.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Cover -- Contents -- I. Introduction -- II. The Theoretical Framework -- A. The Household Sector -- Consumption and Saving -- Labor Supply -- B. The Production Sector -- Output Demand -- Labor Demand and Investment -- Output Supply -- C. The Banking Sector -- Credit Demand -- Funding Demand and Provisioning -- Credit Supply -- D. The Trade Sector -- The Export Sector -- The Import Sector -- E. Monetary, Fiscal, and Macroprudential Policy -- The Monetary Authority -- The Fiscal Authority -- The Macroprudential Authority -- F. Market Clearing Conditions -- III. The Empirical Framework -- A. Endogenous Variables -- B. Exogenous Variables -- IV. Estimation -- A. Transformation of the Data Set -- B. Prior and Posterior Parameter Distributions -- V. Policy Analysis -- A. Impulse Response Functions -- B. Historical Decompositions -- VI. Spillover Analysis -- A. Simulated Conditional Betas -- B. Impulse Response Functions -- VII. Forecasting -- VIII. Conclusion -- Appendix A. Description of the Data Set -- Appendix B. Tables and Figures -- Table 1. Parameter Estimation Results -- Figure 1. IRFs of Macro Variables to a Domestic Productivity Shock -- Figure 2. IRFs of Financial Variables to a Domestic Productivity Shock -- Figure 3. IRFs of Macro Variables to a Domestic Labor Supply "]
[{"$nulls":4},"Shock -- Figure 4. IRFs of Financial Variables to a Domestic Labor Supply Shock -- Figure 5. IRFs of Macro Variables to a Domestic Consumption Demand Shock -- Figure 6. IRFs of Financial Variables to a Domestic Consumption Demand Shock -- Figure 7. IRFs of Macro Variables to a Domestic Investment Demand Shock -- Figure 8. IRFs of Financial Variables to a Domestic Investment Demand Shock -- Figure 9. IRFs of Macro Variables to a Domestic Monetary Policy Shock -- Figure 10. IRFs of Financial Variables to a Domestic Monetary Policy Shock."]
[{"$nulls":4},"Figure 11. IRFs of Macro Variables to a Domestic Credit Risk Premium Shock -- Figure 12. IRFs of Financial Variables to a Domestic Credit Risk Premium Shock -- Figure 13. IRFs of Macro Variables to a Domestic Duration Risk Premium Shock -- Figure 14. IRFs of Financial Variables to a Domestic Duration Risk Premium Shock -- Figure 15. IRFs of Macro Variables to a Domestic Equity Risk Premium Shock -- Figure 16. IRFs of Financial Variables to a Domestic Equity Risk Premium Shock -- Figure 17. IRFs of Macro Variables to a Domestic Fiscal Expenditure Shock -- Figure 18. IRFs of Financial Variables to a Domestic Fiscal Expenditure Shock -- Figure 19. IRFs of Macro Variables to a Domestic Fiscal Revenue Shock -- Figure 20. IRFs of Financial Variables to a Domestic Fiscal Revenue Shock -- Figure 21. IRFs of Macro Variables to a Domestic Lending Rate Markup Shock -- Figure 22. IRFs of Financial Variables to a Domestic Lending Rate Markup Shock -- Figure 23. IRFs of Macro Variables to a Domestic Capital Requirement Shock -- Figure 24. IRFs of Financial Variables to a Domestic Capital Requirement Shock -- Figure 25. IRFs of Macro Variables to a Domestic Loan Default Shock -- Figure 26. IRFs of Financial Variables to a Domestic Loan Default Shock -- Figure 27. IRFs of Macro Variables to an Energy Commodity Price Markup Shock -- Figure 28. IRFs of Financial Variables to an Energy Commodity Price Markup Shock -- Figure 29. IRFs of Macro Variables to a Nonenergy Commodity Price Markup Shock -- Figure 30. IRFs of Financial Variables to a Nonenergy Commodity Price Markup Shock -- Figure 31. Historical Decompositions of Consumption Price Inflation -- Figure 32. Historical Decompositions of Output Growth -- Figure 33. Simulated Conditional Betas of Output -- Figure 34. Peak IRFs to Foreign Productivity Shocks -- Figure 35. Peak IRFs to Foreign Labor Supply Shocks."]
[{"$nulls":4},"Figure 36. Peak IRFs to Foreign Consumption Demand Shocks -- Figure 37. Peak IRFs to Foreign Investment Demand Shocks -- Figure 38. Peak IRFs to Foreign Monetary Policy Shocks -- Figure 39. Peak IRFs to Foreign Credit Risk Premium Shocks -- Figure 40. Peak IRFs to Foreign Duration Risk Premium Shocks -- Figure 41. Peak IRFs to Foreign Equity Risk Premium Shocks -- Figure 42. Peak IRFs to Foreign Fiscal Expenditure Shocks -- Figure 43. Peak IRFs to Foreign Fiscal Revenue Shocks -- Figure 44. Peak IRFs to Foreign Lending Rate Markup Shocks -- Figure 45. Peak IRFs to Foreign Capital Requirement Shocks -- Figure 46. Peak IRFs to Foreign Loan Default Shocks -- Figure 47. Forecast Performance Evaluation Statistics -- Figure 48. Sequential Unconditional Forecasts of Consumption Price Inflation -- Figure 49. Sequential Unconditional Forecasts of Output Growth -- References."]
[null,null,null,"Sommario/riassunto","This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, macroprudential policy analysis, spillover analysis, and forecasting applications of the estimated model "]
[{"$nulls":4},"are demonstrated. These include quantifying the monetary, fiscal and macroprudential transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth."]