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Policy applications of a global macroeconomic model

Author

Listed:
  • Richard Dennis
  • Jose A. Lopez

Abstract

In this Economic Letter, we summarize the key components of the GVAR model and discuss its usefulness for monetary policy applications and for credit risk management issues faced by financial institutions and their government supervisors. We argue that while the GVAR model is probably useful for credit risk management and could potentially have some use for bank supervision, it is unlikely to be as useful for monetary policy applications.

Suggested Citation

  • Richard Dennis & Jose A. Lopez, 2004. "Policy applications of a global macroeconomic model," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jun11.
    • Handle: RePEc:fip:fedfel:y:2004:i:jun11:n:2004-14
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    File URL: http://www.frbsf.org/publications/economics/letter/2004/el2004-14.html
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    File URL: http://www.frbsf.org/publications/economics/letter/2004/el2004-14.pdf
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    Citations

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    Cited by:

    1. Carlos A. Medel, 2018. "Forecasting Inflation with the Hybrid New Keynesian Phillips Curve: A Compact-Scale Global VAR Approach," International Economic Journal, Taylor & Francis Journals, vol. 32(3), pages 331-371, July.
    2. Ghosh, Baidyanath N. & Li, Eric A.L., 2009. "Macroeconomic Vulnerability and Investment Risks in the Middle East and North Africa Region," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 62(1), pages 1-39.
    3. Chopra, Parvesh K. & Kanji, Gopal K., 2010. "On Measuring Country Risk: A new System Modelling Approach - La misura del rischio paese: un nuovo approccio system modelling," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 63(4), pages 479-515.

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