Practical model-based monetary policy analysis : a how-to guide

Practical model-based monetary policy analysis : a how-to guide / Andrew Berg, Philippe Karam, and Douglas Laxton.

This paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This workhorse model consists of an aggregate demand (or IS) curve, a price-setting (or Phillips) curve, a...

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Bibliographic Details
Main Authors: Berg, Andrew (Author), Karam, Philippe D. (Author), Laxton, Douglas (Author)
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006
Series:IMF working paper ; WP/06/81.
Subjects:
Monetary policy > Canada > Econometric models.
Economic forecasting > Canada > Econometric models.
Monetary policy.
Economic forecasting.
Monetary policy
Economic forecasting
Economic forecasting > Econometric models
Monetary policy > Econometric models
Aggregate demand.
Bayesian inference.
Central bank.
Consumer price index.
Demand.
Disinflation.
Dynamic stochastic general equilibrium.
Econometrics.
Economic equilibrium.
Economic model.
Canada
Online Access:Click for online access
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. THE MODEL
  • III. BUILDING THE MODEL
  • IV. FORECASTING AND POLICY ANALYSIS
  • V. AN EXAMPLE
  • VI. CONCLUSIONS
  • REFERENCES

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