Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model

Author/Editor:

Derek Anderson ; Benjamin L Hunt ; Mika Kortelainen ; Michael Kumhof ; Douglas Laxton ; Dirk V Muir ; Susanna Mursula ; Stephen Snudden

Publication Date:

February 27, 2013

Electronic Access:

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Summary:

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.

Series:

Working Paper No. 2013/055

Subject:

Central bank policy rate Consumption Financial services Foreign exchange Inflation National accounts Prices Real effective exchange rates Real interest rates

English

Publication Date:

February 27, 2013

ISBN/ISSN:

9781475559415/1018-5941

Stock No:

WPIEA2013055

Pages:

66

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