Macrofinancial modeling at central banks : recent developments and future directions

Macrofinancial modeling at central banks : recent developments and future directions / Scott Roger and Jan Vlcek.

This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which...

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Bibliographic Details
Main Authors: Roger, Scott (Author), Vlček, Jan (Author)
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/21.
Subjects:
Banks and banking, Central > Econometric models.
Economic forecasting > Econometric models.
Financial services industry > Econometric models.
Capital market > Econometric models.
Banks and banking, Central > Econometric models
Capital market > Econometric models
Economic forecasting > Econometric models
Financial services industry > Econometric models
Online Access:Click for online access
Description
Summary:This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which allow analysis of the macroeconomic effects of macroprudential policy tools and to evaluate elements of the Basel III reforms as a priority. The paper also reviews the main approaches to introducing financial frictions into general equilibrium models.
Item Description:Title from PDF title page (IMF Web site, viewed January 20, 2012).
"January 2012."
Physical Description:1 online resource (38 pages)
Bibliography:Includes bibliographical references (pages 21-25).
ISBN:9781463942960
1463942966
9781463947552
1463947550

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