The Global Economy Model: Theoretical Framework
AbstractThis paper has two purposes. First, it provides a thorough exposition of the theoretical framework underlying the Global Economy Model (GEM), as the model stands in early 2008. Second, it discusses a number of variants and alternative features considered in the GEM-related literature since Laxton and Pesenti (2003). For an updated survey of GEM and other dynamic, stochastic, general-equilibrium applications at the IMF, the reader is referred to Botman and others (2007). Each section starts with a formal description of the relevant equations, and is followed by a presentation of modeling variants and options. When appropriate, the section provides a more detailed discussion of how the building blocks of GEM relate to the literature. It is worth emphasizing from the very beginning that the paper is meant to be used as a technical reference on GEM and related models, with apologies for the somewhat pedantic attention to details and formulas that stems directly from this premise. IMF Staff Papers (2008) 55, 243–284. doi:10.1057/imfsp.2008.8
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal IMF Staff Papers.
Volume (Year): 55 (2008)
Issue (Month): 2 (June)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Cwik, Tobias & Wieland, Volker, 2009.
"Keynesian government spending multipliers and spillovers in the euro area,"
CEPR Discussion Papers, C.E.P.R. Discussion Papers
7389, C.E.P.R. Discussion Papers.
- Tobias Cwik & Volker Wieland, 2011. "Keynesian government spending multipliers and spillovers in the euro area," Economic Policy, CEPR;CES;MSH, CEPR;CES;MSH, vol. 26(67), pages 493-549, 07.
- Cwik, Tobias J. & Wieland, Volker, 2009. "Keynesian government spending multipliers and spillovers in the Euro area," CFS Working Paper Series, Center for Financial Studies (CFS) 2009/25, Center for Financial Studies (CFS).
- Cwik, Tobias & Wieland, Volker, 2010. "Keynesian government spending multipliers and spillovers in the euro area," Working Paper Series, European Central Bank 1267, European Central Bank.
- Barbara Annicchiarico & Fabio Di Dio & Francesco Felici & Francesco Nucci, . "Macroeconomic Modelling and the Effects of Policy Reforms: an Assessment for Italy using ITEM and," Working Papers, Department of the Treasury, Ministry of the Economy and of Finance 1, Department of the Treasury, Ministry of the Economy and of Finance.
- De Paoli, Bianca & Scott, Alasdair & Weeken, Olaf, 2010.
"Asset pricing implications of a New Keynesian model,"
Journal of Economic Dynamics and Control, Elsevier,
Elsevier, vol. 34(10), pages 2056-2073, October.
- Bianca De Paoli, Alasdair Scott, Olaf Weeken, 2007. "Asset pricing implications for a New Keynesian model," Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group 156, Money Macro and Finance Research Group.
- Bianca De Paoli & Alasdair Scott & Olaf Weeken, 2007. "Asset pricing implications of a New Keynesian model," Bank of England working papers, Bank of England 326, Bank of England.
- Bianca De Paoli & Alasdair Scott & Olaf Weeken, 2006. "Asset pricing implications of a New Keynesian model," Computing in Economics and Finance 2006, Society for Computational Economics 358, Society for Computational Economics.
- Barbara Annicchiarico & Fabio Di Dio & Francesco Felici & Francesco Nucci, 2013. "Assessing policy reforms for Italy using ITEM and QUESTIII," CEIS Research Paper, Tor Vergata University, CEIS 280, Tor Vergata University, CEIS, revised 17 May 2013.
- Martin Seneca, 2010. "A DSGE model for Iceland," Economics, Department of Economics, Central bank of Iceland wp50, Department of Economics, Central bank of Iceland.
- Stefan Ried, 2009. "Putting Up a Good Fight: The Galí-Monacelli Model versus “The Six Major Puzzles in International Macroeconomics”," SFB 649 Discussion Papers SFB649DP2009-020, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
- Matthew Canzoneri & Robert E. Cumby & Behzad Diba & David Lopez-Salido, 2008. "The Macroeconomic Implications of a Key Currency," NBER Working Papers 14242, National Bureau of Economic Research, Inc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.