The Flexible System of Global Models – FSGM

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Author/Editor: Michal Andrle, Patrick Blagrave, Pedro Espaillat, Keiko Honjo, Benjamin Hunt, Mika Kortelainen, René Lalonde, Douglas Laxton, Eleonara Mavroeidi, Dirk Muir, Susanna Mursula, Stephen Snudden
Release Date: © March, 2015
ISBN : 978-1-47553-081-0
Stock #: WPIET2015064
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Description

The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on the G-20, the euro area, and emerging market economies, this paper outlines the theory under-pinning the model, and illustrates its macroeconomic properties by presenting its responses under a wide range of experiments, including monetary, financial, demand, supply, fiscal and international shocks.




More publications in this series: Working Papers


More publications by: Michal Andrle ; Patrick Blagrave ; Pedro Espaillat ; Keiko Honjo ; Benjamin Hunt ; Mika Kortelainen ; René Lalonde ; Douglas Laxton ; Eleonara Mavroeidi ; Dirk Muir ; Susanna Mursula ; Stephen Snudden