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Fiscal Consolidation in the Euro Area : How Much Can Structural Reforms Ease the Pain?

Author/Editor: Derek Anderson, Benjamin L Hunt, Stephen Snudden.

Release Date:October, 2013

The IMF’s Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to more...



Price: $18.00
Getting to Know GIMF : The Simulation Properties of the Global Integrated Monetary and Fiscal Model

Author/Editor: Derek Anderson, Benjamin Hunt, Mika Kortelainen, Michael Kumhof, Douglas Laxton, Dirk Muir, Susanna Mursula, Stephen Snudden.

Release Date:February, 2013

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international more...



Price: $18.00
Emerging Asia's Impact on Australian Growth : Some Insights From GEM

Author/Editor: Benjamin Hunt.

Release Date:November, 2010

Over the last decade, GDP growth in emerging Asia was roughly twice as fast as average world growth. The IMF’s Global Economy Model (GEM) is used to estimate the impact that emerging Asia’s more...



Price: $18.00
The Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand : How Much Can Growth Theory Explain?

Author/Editor: Benjamin Hunt.

Release Date:January, 2009

In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The more...



Price: $18.00
U.K. Inflation and Relative Prices over the Last Decade : How Important was Globalization?

Author/Editor: Benjamin Hunt.

Release Date:August, 2007

In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the relative importance of a number of factors argued to explain the differences in the trends in core inflation and more...



Price: $18.00
Stabilizing Inflation in Iceland

Author/Editor: Keiko Honjo, Benjamin Hunt.

Release Date:November, 2006

This paper provides some empirical estimates on how tightly is it feasible to control inflation in a very small open economy such as Iceland. Estimated macroeconomic models of Canada, Iceland, New more...



Price: $18.00
Oil Price Shocks : Can they Account for the Stagflation in the 1970's?

Author/Editor: Benjamin Hunt.

Release Date:November, 2005

Using a variant of the IMF's Global Economy Model (GEM), featuring energy as both an intermediate input into production and a final consumption good, this paper examines the macroeconomic more...



Price: $15.00
GEM : A New International Macroeconomic Model

Author/Editor: Tamim Bayoumi, Hamid Faruqee, Douglas Laxton, Philippe D Karam, Alessandro Rebucci, Jaewoo Lee, Benjamin Hunt, Ivan Tchakarov.

Release Date:November, 2004

Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM more...



Price: $25.00
The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990's?

Author/Editor: Benjamin Hunt, Alessandro Rebucci.

Release Date:October, 2003

Based on a version of the IMF’s new Global Economic Model (GEM), calibrated to analyze macroeconomic interdependence between the United States and the rest of the world, this paper asks to more...



Price: $15.00
Some Implications for Monetary Policy of Uncertain Exchange Rate Pass-Through

Author/Editor: Benjamin Hunt, Peter Isard.

Release Date:March, 2003

The paper uses MULTIMOD to examine the implications of uncertain exchange rate pass-through for the conduct of monetary policy. From the policymaker's perspective, uncertainty about exchange rate more...



Price: $15.00
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