Practical Model-Based Monetary Policy Analysis : : A How-To Guide / / Douglas Laxton, Andrew Berg, Philippe Karam
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| Autore: |
Laxton Douglas
|
| Titolo: |
Practical Model-Based Monetary Policy Analysis : : A How-To Guide / / Douglas Laxton, Andrew Berg, Philippe Karam
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (69 p.) |
| Soggetto topico: | Economic forecasting |
| Monetary policy | |
| Foreign Exchange | |
| Inflation | |
| Macroeconomics | |
| Production and Operations Management | |
| Monetary Policy | |
| Money and Interest Rates: Forecasting and Simulation | |
| Model Construction and Estimation | |
| Computational Techniques | |
| Price Level | |
| Deflation | |
| Macroeconomics: Production | |
| Energy: Demand and Supply | |
| Prices | |
| Currency | |
| Foreign exchange | |
| Output gap | |
| Oil prices | |
| Real exchange rates | |
| Exchange rates | |
| Production | |
| Economic theory | |
| Soggetto geografico: | United States |
| Altri autori: |
BergAndrew
KaramPhilippe
|
| Note generali: | "March 2006." |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. BUILDING THE MODEL""; ""IV. FORECASTING AND POLICY ANALYSIS""; ""V. AN EXAMPLE""; ""VI. CONCLUSIONS""; ""REFERENCES"" |
| Sommario/riassunto: | This 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. |
| Titolo autorizzato: | Practical Model-Based Monetary Policy Analysis |
| ISBN: | 1-4623-7201-5 |
| 1-4527-9051-5 | |
| 1-282-54536-1 | |
| 1-4519-0876-8 | |
| 9786613822123 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788527303321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/081