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Macrofinancial modeling at central banks : recent developments and future directions /
This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which...
| Cote: | Libro Electrónico |
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| Auteurs principaux: | , |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Collection: | IMF working paper ;
WP/12/21. |
| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which allow analysis of the macroeconomic effects of macroprudential policy tools and to evaluate elements of the Basel III reforms as a priority. The paper also reviews the main approaches to introducing financial frictions into general equilibrium models. |
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| Description: | Title from PDF title page (IMF Web site, viewed January 20, 2012). "January 2012." |
| Description matérielle: | 1 online resource (38 pages) |
| Bibliographie: | Includes bibliographical references (pages 21-25). |
| ISBN: | 9781463942960 1463942966 9781463947552 1463947550 |