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An estimated model with macrofinancial linkages for India /
This paper develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of financial fr...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2010.
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| Colección: | IMF working paper ;
WP/10/21. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of financial frictions in the amplification and propagation of the effects of transitory shocks. We use Bayesian estimation techniques to estimate the model using India data. The model is used to assess the importance of the financial accelerator in India and the optimality of monetary policy. |
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| Notas: | Title from PDF title page (IMF Web site, viewed February 25, 2010). At head of title: Asia and Pacific Department. Available in PDF, ePUB, and Mobi formats on the Internet. "January 2010." |
| Descripción Física: | 1 online resource (44 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1451918690 9781451918694 1462353738 9781462353736 1451962320 9781451962321 1452702624 9781452702629 9786612845291 6612845295 1282845292 9781282845299 |