The Role of MULTIMOD in the IMF's Policy Analysis

This paper describes the basic structure, underlying philosophy, and key behavioral properties of MULTIMOD. It also focuses on several recent applications of macromodels in the IMF's policy analysis, emphasizing that most questions put forward for analysis with models like MULTIMOD are initially posed in ways that cannot be addressed by simply pushing a computer key. Meaningful macromodel-based policy analysis requires a sensibly structured and parameterized macromodel, but it also generally requires considerable probing of the nature of the policy issues in order to reformulate policy questions in terms of well-defined exogenous shocks.
Publication date: June 2000
ISBN: 9781451972689
$10.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
paperback else
English
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

MULTIMOD , macroeconomic policy analysis , monetary policy , exchange rate , international monetary fund , exchange rate regime , government spending

Summary