 | The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure Author/Editor: Douglas Laxton, Susanna Mursula, Michael Kumhof, Dirk Muir. Release Date:February, 2010 This working paper presents a comprehensive overview of the theoretical structure of the Global Integrated Monetary and Fiscal Model (GIMF), a multi-region dynamic general equilibrium model that is more...
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| Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits Author/Editor: Douglas Laxton, Dirk Muir, Michael Kumhof, Susanna Mursula, Charles Freedman. Release Date:November, 2009 This paper uses the IMF's Global Integrated Monetary and Fiscal Model to compute shortrun multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of more...
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