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Banks in The Global Integrated Monetary and Fiscal Model

Banks in The Global Integrated Monetary and Fiscal Model by Michal Andrle
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The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE modeldeveloped by the Economic Modeling Division of the IMF for policy and scenario analysis.This paper compares two versions of GIMF, GIMF with a conventional financial accelerator,where bank balance sheets do not play a prominent role, and GIMF with both a financialaccelerator and a fully specified banking sector that can make lending losses, and that isregulated according to Basel-III. We illustrate the comparative macroeconomic properties ofboth models by presenting their responses to a wide range of fiscal, demand, supply andfinancial shocks.
International Monetary Fund; July 2015
49 pages; ISBN 9781513594781
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Title: Banks in The Global Integrated Monetary and Fiscal Model
Author: Michal Andrle; Michael Kumhof; Douglas Laxton; Dirk Muir
 
ISBNs
1513594788
9781513532967
9781513594781