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Getting to Know GIMF : The Simulation Properties of the Global Integrated Monetary and Fiscal Model

Author/Editor: Derek Anderson | Ben Hunt | Mika Kortelainen | Michael Kumhof | Douglas Laxton | Dirk Muir | Susanna Mursula | Stephen Snudden
Authorized for Distribution: February 27, 2013
Electronic Access: Free Full Text (PDF file size is 13,264KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research. Using a 5-region version of the GIMF, this paper illustrates the model’s macroeconomic properties by presenting its responses under a wide range of experiments, including fiscal, monetary, financial, demand, supply, and international shocks.
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Series: Working Paper No. 13/55
Subject(s): Economic models | Monetary policy | Financial sector | External shocks | Fiscal policy | Fiscal consolidation | Government expenditures | Demand
    Published:   February 27, 2013        
    ISBN/ISSN:   9781475559415/1018-5941   Format:   Paper
    Stock No:   WPIEA2013055   Pages:   66
    Price:   US$18.00
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