Other Titles in the Occasional Paper Series
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GEM: A New International Macroeconomic Model
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Author/Editor: |
Bayoumi, Tamim | Laxton, Douglas | Faruqee, Hamid | Hunt, Ben | Karam, Philippe D | Lee, Jaewoo | Rebucci, Alessandro | Tchakarov, Ivan |
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November 30, 2004 |
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Electronic Access: |
Free Full Text (PDF file size is 330KB)
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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.
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Order a print copy
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Series: |
Occasional Paper No. 239 |
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Subject(s): |
Economic models |
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Published: |
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November 30, 2004 |
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ISBN/ISSN: |
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978-1-58906-375-4 / 0251-6365 |
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Format: |
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Paper |
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Stock No: |
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S239EA |
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Pages: |
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34 |
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Price: |
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US$25.00 (Academic Rate: US$22.00 )
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