| 000 | 01407cam a2200181 4500500 | ||
|---|---|---|---|
| 005 | 20250121212928.0 | ||
| 041 | _afre | ||
| 042 | _adc | ||
| 100 | 1 | 0 |
_aBotman, Dennis _eauthor |
| 700 | 1 | 0 |
_a Karam, Philippe _eauthor |
| 700 | 1 | 0 |
_a Laxton, Douglas _eauthor |
| 245 | 0 | 0 | _aDSGE Models in the IMF: Applications and Recent Developments |
| 260 | _c2008. | ||
| 500 | _a8 | ||
| 520 | _aResearchers 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. | ||
| 786 | 0 | _nEconomie & prévision | o 183-184 | 2 | 2008-10-13 | p. 175-198 | 0249-4744 | |
| 856 | 4 | 1 | _uhttps://shs.cairn.info/journal-economie-et-prevision-1-2008-2-page-175?lang=en&redirect-ssocas=7080 |
| 999 |
_c699633 _d699633 |
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