Repmod: A Smaller Sibling for Multimod
Electronic Access:
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Summary:
This paper describes a small macroeconomic model based on a representative industrial-country block of MULTIMOD, the IMF’s multi-country simulation model. REPMOD is designed to provide a more flexible and accessible tool for analysis by individual country desks than the full version of MULTIMOD. It also allows the construction of model-consistent baseline paths, in addition to conventional shock-minus-control experiments. After discussing the model’s general structure and properties, some distinctive aspects are illustrated via simulations that explore the implications of Japan’s liquidity trap.
Series:
Working Paper No. 1999/008
Subject:
Deflation Financial services Foreign exchange Inflation Prices Real exchange rates Real interest rates Short term interest rates
English
Publication Date:
January 1, 1999
ISBN/ISSN:
9781451842494/1018-5941
Stock No:
WPIEA0081999
Pages:
37
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