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Policy and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach

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by Francis Vitek
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Policy and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach by Francis Vitek

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary and fiscal transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.

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Ebook Details
Pages: 95
Size: 8.8 MB
Date published:   2014
ISBN: 9781498381154 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Money & Monetary Policy

This author has products in the following categories:

Nonfiction > Business & Economics > International
Nonfiction > Business & Economics
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Business & Economics > International > Economics

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