GEM: A New International Macroeconomic Model
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s policy analysis. The paper is aimed at a general audience and avoids technical detail. It outlines the motivation, structure, strengths, and limitations of the model; examines three simulation exercises that have been completed; and discusses the future path of GEM.
Series:
Occasional Paper No. 2004/010
Subject:
Consumption Emerging and frontier financial markets Financial markets Inflation Labor National accounts Oil prices Prices
English
Publication Date:
November 30, 2004
ISBN/ISSN:
9781589063754/0251-6365
Stock No:
S239EA
Pages:
34
Please address any questions about this title to publications@imf.org