UID:
almafu_9958094782502883
Umfang:
1 online resource (78 p.)
ISBN:
9781475594973
,
1475594976
,
9781475599565
,
1475599560
Serie:
IMF Working Papers
Inhalt:
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within and across economies. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated, based on a Bayesian framework for conditioning on judgment.
Anmerkung:
Description based upon print version of record.
,
Cover; Abstract; Contents; I. Introduction; II. The Panel Unobserved Components Model; A. Cyclical Components; B. Trend Components; III. Estimation; A. Estimation Procedure; B. Estimation Results; IV. Monetary and Fiscal Policy Analysis; A. Simulated Unconditional Correlations; B. Impulse Response Functions; C. Forecast Error Variance Decompositions; D. Historical Decompositions; V. Spillover Analysis; A. Simulated Conditional Betas; B. Impulse Response Functions; VI. Forecasting; A. Forecasting Procedure; B. Forecasting Results; VII. Conclusion; Appendixes; A. Description of the Data Set
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B. Tables and FiguresTables; 1. Parameter Estimation Results; Figures; 1. Output Gap Estimates, Decomposition by Source of Demand; 2. Output Gap Estimates, Decomposition by Source of Stimulus; 3. Simulated Unconditional Correlations; 4. Impulse Responses to a Domestic Supply Shock; 5. Impulse Responses to a Domestic Private Demand Shock; 6. Impulse Responses to a Domestic Monetary Policy Shock; 7. Impulse Responses to a Domestic Credit Risk Premium Shock; 8. Impulse Responses to a Domestic Duration Risk Premium Shock; 9. Impulse Responses to a Domestic Equity Risk Premium Shock
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10. Impulse Responses to a Domestic Fiscal Expenditure Shock11. Impulse Responses to a Domestic Fiscal Revenue Shock; 12. Impulse Responses to a World Energy Commodity Price Shock; 13. Impulse Responses to a World Nonenergy Commodity Price Shock; 14. Forecast Error Variance Decompositions of Consumption Price Inflation; 15. Forecast Error Variance Decompositions of Output; 16. Forecast Error Variance Decompositions of Domestic Demand; 17. Forecast Error Variance Decompositions of the Nominal Policy Interest Rate; 18. Forecast Error Variance Decompositions of the Real Effective Exchange Rate
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19. Forecast Error Variance Decompositions of the Fiscal Balance20. Forecast Error Variance Decompositions of the Current Account Balance; 21. Historical Decompositions of Consumption Price Inflation; 22. Historical Decompositions of Output Growth; 23. Historical Decompositions of the Fiscal Balance; 24. Historical Decompositions of the Current Account Balance; 25. Simulated Conditional Betas of the Output Gap; 26. Peak Impulse Responses to Foreign Supply Shocks; 27. Peak Impulse Responses to Foreign Private Demand Shocks; 28. Peak Impulse Responses to Foreign Monetary Policy Shocks
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29. Peak Impulse Responses to Foreign Credit Risk Premium Shocks30. Peak Impulse Responses to Foreign Duration Risk Premium Shocks; 31. Peak Impulse Responses to Foreign Equity Risk Premium Shocks; 32. Peak Impulse Responses to Foreign Fiscal Expenditure Shocks; 33. Peak Impulse Responses to Foreign Fiscal Revenue Shocks; 34. Sequential Unconditional Forecasts of Consumption Price Inflation; 35. Sequential Unconditional Forecasts of Output Growth; 36. Conditional Forecasts of Consumption Price Inflation; 37. Conditional Forecasts of Output Growth
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38. Conditional Forecast Decompositions for Consumption Price Inflation
Weitere Ausg.:
ISBN 9781475504187
Weitere Ausg.:
ISBN 1475504187
Weitere Ausg.:
ISBN 9781475542493
Weitere Ausg.:
ISBN 1475542496
Sprache:
Englisch
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