Monetary and Fiscal Policy Options for Dealing with External Shocks.

This paper utilizes an open-economy New Keynesian overlapping generations model, the Global Integrated Monetary and Fiscal Model (GIMF), to assess the macroeconomic effects of external shocks and the impact of various monetary and fiscal policy responses. The simulations assess the effect of shocks...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Flores, Enrique
Otros Autores: Leigh, Daniel, Clements, Benedict J.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Debts, External > Colombia.
Fiscal policy > Colombia.
Dettes extérieures > Colombie.
Politique fiscale > Colombie.
Debts, External
Fiscal policy
Colombia
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. The Model; III. Macroeconomic Effects of External Shocks and Alternative Policy Responses; Figures; 1. Macroeconomic Effects of a Decline in Demand for Colombian Exports Under Different Policy Responses; 2. Macroeconomic Response to a Decline in World Growth; 3. Macroeconomic Effects of Temporary Increase in Risk Premia; IV. The Role of Fiscal Policy Under Different Financing Conditions; 4. Macroeconomic Response to a Decline in the Demand for Colombian Exports under Adverse Financing Conditions; V. Summary of Policy Implications.

Ejemplares similares