 | Demographic Transition and Pension Reforms: Adding Demographics to GIMF Author/Editor: Benjamin Carton, Emilio Fernández Corugedo, Benjamin L Hunt, Simon Voigts. Release Date:August, 2020 The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic more...
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 | Corporate Tax Reform: From Income to Cash Flow Taxes Author/Editor: Benjamin Carton, Emilio Fernández Corugedo, Benjamin L Hunt. Release Date:January, 2019 This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax more...
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 | Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them? Author/Editor: Mariana Colacelli, Emilio Fernández Corugedo. Release Date:November, 2018 Yes, partly. This paper studies the potential role of structural reforms in improving Japan’s outlook using the IMF’s Global Integrated Monetary and Fiscal Model (GIMF) with newly-added more...
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 | Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies Author/Editor: Benjamin Carton, Emilio Fernández Corugedo, Benjamin L Hunt. Release Date:December, 2017 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
more...
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 | No Business Taxation Without Model Representation : Adding Corporate Income and Cash Flow Taxes to GIMF Author/Editor: Benjamin Carton, Emilio Fernández Corugedo, Benjamin L Hunt. Release Date:November, 2017 The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking,
DSGE model developed at the International Monetary Fund for policy analysis and international
more...
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 | Uncertainty, Financial Frictions and Nominal Rigidities: A Quantitative Investigation Author/Editor: Ambrogio Cesa-Bianchi, Emilio Fernández Corugedo. Release Date:September, 2017 Are uncertainty shocks a major source of business cycle fluctuations? This paper studies the
effect of a mean preserving shock to the variance of aggregate total factor productivity
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 | Multivariate Filter Estimation of Potential Output for the Euro Area and the United States Author/Editor: Ali Alichi, Olivier Bizimana, Silvia Domit, Emilio Fernández Corugedo, Douglas Laxton, Kadir Tanyeri, Hou Wang, Fan Zhang. Release Date:December, 2015 The estimates of potential output and the output gap presented in this paper are not official IMF estimates. The
 programs and potential output estimates in this paper can be downloaded from more...
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 | The EU Services Directive: Gains from Further Liberalization Author/Editor: Emilio Fernández Corugedo, Esther Perez Ruiz. Release Date:July, 2014 The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the more...
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