 | 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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| How Informative Are Real Time Output Gap Estimates in Europe? Author/Editor: Alvar Kangur, Koralai Kirabaeva, Jean-Marc Natal, Simon Voigts. Release Date:September, 2019 We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 1994-2017. The analysis shows that staff more...
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| The Negative Mean Output Gap Author/Editor: Shekhar Aiyar, Simon Voigts. Release Date:August, 2019 We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more more...
| Price: $18.00
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| Fiscal Devaluation in a Monetary Union Author/Editor: Philipp Engler, Giovanni Ganelli, Juha Tervala, Simon Voigts. Release Date:October, 2014 Using a DSGE model calibrated to the euro area, we analyze the international effects of afiscal devaluation (FD) implemented as a revenue-neutral shift from employer's socialcontributions to the more...
| Price: $18.00
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