The Global Integrated Monetary and Fiscal Model (GIMF)
Author | : |
Publisher | : |
Total Pages | : 73 |
Release | : 2010 |
Genre | : Equilibrium (Economics) |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 73 |
Release | : 2010 |
Genre | : Equilibrium (Economics) |
ISBN | : |
Author | : Mr.Michael Kumhof |
Publisher | : International Monetary Fund |
Total Pages | : 75 |
Release | : 2010-02-01 |
Genre | : Business & Economics |
ISBN | : 1451962738 |
This working paper presents a comprehensive overview of the theoretical structure of the Global Integrated Monetary and Fiscal Model (GIMF), a multi-region dynamic general equilibrium model that is used by the IMF for a variety of tasks including policy analysis, risk analysis, and surveillance.
Author | : Mr.Derek Anderson |
Publisher | : International Monetary Fund |
Total Pages | : 66 |
Release | : 2013-02-27 |
Genre | : Business & Economics |
ISBN | : 1475536976 |
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 international economic research. Using a 5-region version of the GIMF, this paper illustrates the model’s macroeconomic properties by presenting its responses under a wide range of experiments, including fiscal, monetary, financial, demand, supply, and international shocks.
Author | : |
Publisher | : |
Total Pages | : 49 |
Release | : 2015 |
Genre | : Bank loans |
ISBN | : 9781513515366 |
"The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE model developed 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 financial accelerator and a fully specified banking sector that can make lending losses, and that is regulated according to Basel-III. The authors illustrate the comparative macroeconomic properties of both models by presenting their responses to a wide range of fiscal, demand, supply and financial shocks."--Abstract.
Author | : Benjamin Carton |
Publisher | : International Monetary Fund |
Total Pages | : 61 |
Release | : 2017-11-17 |
Genre | : Business & Economics |
ISBN | : 1484330323 |
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 research. This paper documents the incorporation of corporate income, cash-flow and destination based cash-flow taxes into the model. The analysis presented considers the transmission mechanism of these taxes and details how financial frictions interact with each of the taxes.
Author | : Daniel Leigh |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 17 |
Release | : 2009-03-01 |
Genre | : |
ISBN | : 9781451872064 |
This paper utilizes an open-economy New Keynesian overlapping generations model, the Global Integrated Monetary and Fiscal Model (GIMF), to assess the macroeconomic effects of external shocks and the impact of various monetary and fiscal policy responses. The simulations assess the effect of shocks to trade, world income, and risk premia for public debt. The results suggest that under Colombia’s inflation targeting regime, which incorporates exchange rate flexibility and a highly responsive monetary policy, the economy is well poised to adjust to different external shocks. They also suggest that the potential role of fiscal policy in responding to shocks depends critically on financing conditions.
Author | : Michal Andrle |
Publisher | : International Monetary Fund |
Total Pages | : 49 |
Release | : 2015-07-10 |
Genre | : Business & Economics |
ISBN | : 1513532960 |
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE model developed 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 financial accelerator and a fully specified banking sector that can make lending losses, and that is regulated according to Basel-III. We illustrate the comparative macroeconomic properties of both models by presenting their responses to a wide range of fiscal, demand, supply and financial shocks.
Author | : Benjamin Carton |
Publisher | : |
Total Pages | : 22 |
Release | : 2020-08-07 |
Genre | : |
ISBN | : 9781513551975 |
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 research. This paper documents the incorporation of demographic features into the model. The analysis presented illustrates how these new features enable the model to estimate some of the macroeconomic consequences of changing demographics.
Author | : International Monetary Fund |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 81 |
Release | : 2008-04-18 |
Genre | : |
ISBN | : 9781451832044 |
This paper provides three policy lessons to take full advantage of the opportunity afforded by EU funds. The main features of the global integrated monetary and fiscal (GIMF) model and how it was modified to account for income convergence are discussed. The impact of EU funds as exhibited in the model and highlights potential risks related to the authorities' policy choices, in particular in the fiscal area, are also discussed. The macroeconomic literature on the impact of EU funds can be divided into broad groups: model simulations and econometric studies.
Author | : International Monetary Fund |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 33 |
Release | : 2008-09-23 |
Genre | : |
ISBN | : 9781451802184 |
This Selected Issues paper on Australia highlights the IMF's new Global Integrated Monetary and Fiscal Model (GIMF), which is used to examine the macroeconomic implications of alternative fiscal responses to higher revenue. Lower labor and capital income taxes, along with higher public investment, will generate the largest economic gains in the long term. The model shows that saving a portion of the additional revenue in the short term can help alleviate demand pressures and increase overall domestic savings.