Macrofinancial Analysis in the World Economy : A Panel Dynamic Stochastic General Equilibrium Approach

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Price:  $18.00

Author/Editor: Francis Vitek
Release Date: © October, 2015
ISBN : 978-1-51353-742-9
Stock #: WPIEA2015227
English
Stock Status: On back-order

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Description

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, macroprudential policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary, fiscal and macroprudential transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.




More publications in this series: Working Papers


More publications by: Francis Vitek