 | Some Simulation Properties of the Major Euro Area Economies in Multimod Author/Editor: Douglas Laxton, Benjamin Hunt. Release Date:February, 2003 This paper was prepared as part of a euro area macroeconomic model comparisons project. Four standard macroeconomic experiments are considered to illustrate the differences in dynamic adjustment more...
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| The Zero Interest Rate Floor (ZIF) and its Implications for Monetary Policy in Japan Author/Editor: Douglas Laxton, Benjamin Hunt. Release Date:November, 2001 This paper uses the IMF's macroeconomic model MULTIMOD to examine the implications of the zero-interest-rate floor (ZIF) for the design of monetary policy in Japan. Similar to findings in other more...
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