Practical model-based monetary policy analysis : a how-to guide / / prepared by Andrew Berg, Philippe Karam, and Douglas Laxton

• Autore: Berg Andrew
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, Policy Development and Review Dept., Research Dept., and IMF Institute, 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (69 p.)
• Soggetto topico: Economic forecasting; Monetary policy
• Altri autori: KaramPhilippe D LaxtonDouglas
• 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.: 9910813824003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/81.