A Practical Model-Based Approach to Monetary Policy Analysis—Overview / / Douglas Laxton, Andrew Berg, Philippe Karam
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| Autore: |
Laxton Douglas
|
| Titolo: |
A Practical Model-Based Approach to Monetary Policy Analysis—Overview / / Douglas Laxton, Andrew Berg, Philippe Karam
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (45 p.) |
| Soggetto topico: | Monetary policy |
| Economic forecasting | |
| Banks and Banking | |
| Foreign Exchange | |
| Inflation | |
| Production and Operations Management | |
| Price Level | |
| Deflation | |
| Interest Rates: Determination, Term Structure, and Effects | |
| Macroeconomics: Production | |
| Macroeconomics | |
| Currency | |
| Foreign exchange | |
| Finance | |
| Exchange rates | |
| Real interest rates | |
| Output gap | |
| Real exchange rates | |
| Prices | |
| Interest rates | |
| Production | |
| Economic theory | |
| Soggetto geografico: | United States |
| Altri autori: |
BergAndrew
KaramPhilippe
|
| Note generali: | "March 2006". |
| Nota di bibliografia: | Includes bibliographical references (p. 39-43). |
| Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. MONETARY POLICY ANALYSIS AT THE IMF ""; ""III. MACROECONOMIC MODELING""; ""IV. BUILDING THE MODEL""; ""V. FORECASTING AND POLICY ANALYSIS46""; ""VI. AN EXAMPLE""; ""VII. CAVEATS AND FUTURE WORK""; ""VIII. CONCLUSIONS""; ""REFERENCES"" |
| Sommario/riassunto: | This paper motivates and describes an approach to forecasting and monetary policy analysis based on the use of a simple structural macroeconomic model, along the lines of those in use in a number of central banks. It contrasts this approach with financial programming and its emphasis on monetary aggregates, as well as with more econometrically driven analyses. It presents illustrative results from an application to Canada. A companion paper provides a more detailed how-to guide and introduces a set of tools designed to facilitate this approach. |
| Titolo autorizzato: | A Practical Model-Based Approach to Monetary Policy Analysis—Overview |
| ISBN: | 1-4623-6292-3 |
| 1-4527-3198-5 | |
| 1-282-44783-1 | |
| 1-4519-0875-X | |
| 9786613821034 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788523303321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/080