 | Monetary Transmission in an Emerging Targeter : The Case of Brazil Author/Editor: A. R. Pagan, Douglas Laxton, Luis Catão. Release Date:August, 2008 This paper lays out a structural model that incorporates key features of monetary transmission in typical emerging-market economies, including a bank-credit channel and the role of external debt more...
| Price: $18.00
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| Why is Canada's Price Level So Predictable? Author/Editor: Vladimir Klyuev, Heesun Kiem, Ondrej Kamenik, Douglas Laxton. Release Date:January, 2008 One of the pioneers of inflation targeting (IT), the Bank of Canada is now considering a possibility of switching to price-level-path targeting (PLPT), where past deviations of inflation from the more...
| Price: $18.00
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| DSGE Modeling at the Fund : Applications and Further Developments Author/Editor: Dennis P J Botman, David Rose, Douglas Laxton, Philippe D Karam. Release Date:August, 2007 Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the more...
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| A Party without a Hangover? On the Effects of U.S. Government Deficits Author/Editor: Douglas Laxton, Michael Kumhof. Release Date:August, 2007 This paper develops a 2-country New Keynesian overlapping generations model suitable for the joint evaluation of monetary and fiscal policies. We show that a permanent increase in U.S. government more...
| Price: $18.00
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| Endogenous Monetary Policy Credibility in a Small Macro Model of Israel Author/Editor: Eyal Argov, David Rose, Philippe D Karam, Natan P Epstein, Douglas Laxton. Release Date:August, 2007 This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation-output process that arise from convexity in the Phillips curve and endogenous monetary more...
| Price: $18.00
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| Practical Model-Based Monetary Policy Analysis : A How-To Guide Author/Editor: Douglas Laxton, Andrew Berg, Philippe D Karam. Release Date:March, 2006 This paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This more...
| Price: $15.00
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 | 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
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| 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...
| Price: $15.00
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| Monetary Policy Credibility and the Unemployment-Inflation Tradeoff : Some Evidence From 17 Industrial Countries Author/Editor: Papa M'B P N'Diaye, Douglas Laxton. Release Date:December, 2002 Using data on long-term interest rates for 17 industrial countries, this paper develops some simple measures of monetary policy credibility and then tests if such measures improve the out-of-sample more...
| Price: $15.00
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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...
| Price: $15.00
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