Practical Model-Based Monetary Policy Analysis : : A How-To Guide / / Douglas Laxton, Andrew Berg, Philippe Karam

• Autore: Laxton Douglas
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (69 p.)
• Disciplina: 332.8/2/0971
• Soggetto topico: Monetary policy - Econometric models - Canada; Economic forecasting - Econometric models - Canada; Aggregate demand; Bayesian inference; Central bank; Consumer price index; Demand; Disinflation; Dynamic stochastic general equilibrium; Econometrics; Economic equilibrium; Economic model
• 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: 9786613822123; 9781462372010; 1462372015; 9781452790510; 1452790515; 9781282545366; 1282545361; 9781451908763; 1451908768
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910965332703321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/081