DSGE Models in the IMF: Applications and Recent Developments (notice n° 699633)

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005 - DATE AND TIME OF LATEST TRANSACTION
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041 ## - LANGUAGE CODE
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100 10 - MAIN ENTRY--PERSONAL NAME
Personal name Botman, Dennis
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245 00 - TITLE STATEMENT
Title DSGE Models in the IMF: Applications and Recent Developments
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Date of publication, distribution, etc. 2008.<br/>
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General note 8
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Summary, etc. Researchers in economic policy-making institutions have invested much energy in developing a new generation of macroeconomic models that rely on more solid microeconomic foundations.This article briefly describes applications of two such models. The Global Economy Model (GEM) is a quarterly model comprising a large set of nominal and real rigidities that enable users to generate realistic short-term dynamics. As the model rests on the representative-agent paradigm, its main weakness is that its fundamental theoretical structure does not provide a very realistic characterization of tax-policy effects. By contrast, the Global Fiscal Model (GFM) – an annual model – uses a nested-generation framework, and has been explicitly designed to study the longer-term consequences of alternative tax policies.
700 10 - ADDED ENTRY--PERSONAL NAME
Personal name Karam, Philippe
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700 10 - ADDED ENTRY--PERSONAL NAME
Personal name Laxton, Douglas
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786 0# - DATA SOURCE ENTRY
Note Economie & prévision | o 183-184 | 2 | 2008-10-13 | p. 175-198 | 0249-4744
856 41 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://shs.cairn.info/journal-economie-et-prevision-1-2008-2-page-175?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-economie-et-prevision-1-2008-2-page-175?lang=en&redirect-ssocas=7080</a>

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