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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Roger, Scott (Author), Vlček, Jan (Author)
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/21.
Subjects:
Banks and banking, Central > Econometric models.
Economic forecasting > Econometric models.
Financial services industry > Econometric models.
Capital market > Econometric models.
Banques centrales > Modèles économétriques.
Prévision économique > Modèles économétriques.
Services financiers > Modèles économétriques.
Marché financier > Modèles économétriques.
Banks and banking, Central > Econometric models
Capital market > Econometric models
Economic forecasting > Econometric models
Financial services industry > Econometric models
Online Access:Texto completo
Table of Contents:
  • Cover; Contents; I. Introduction; II. Macrofinancial DSGE Models in Use by Central Banks; A. Models in Use Before the Crisis; Tables; 1. Central Bank Forecasting and Policy Analysis Models Prior to 2008; B. Model Development Since the Crisis; 2. Central Bank DSGE Forecasting Models Since 2008; 3. Published Central Bank Models with Financial Frictions; III. Challenges and Priorities for Model Development; References; Appendix; I. Approaches to Embedding Financial Frictions, Transmission Channels, and Risks in DSGE Models; 4. Approaches to Modeling Financial Frictions.

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