Get Now Banks in The Global Integrated Monetary and Fiscal Model

Banks in The Global Integrated Monetary and Fiscal Model

Authors : Michal Andrle, Mr. Michael Kumhof, Mr. Douglas Laxton, Dirk Muir
Publisher : International Monetary Fund
Published Date : 2015-07-10
ISBN-13 : 9781513506494
Page : 49 Pages
Language : en


Descriptions Banks in The Global Integrated Monetary and Fiscal Model

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE model developed by the Economic Modeling Division of the IMF for policy and scenario analysis. This paper compares two versions of GIMF, GIMF with a conventional financial accelerator, where bank balance sheets do not play a prominent role, and GIMF with both a financial accelerator and a fully specified banking sector that can make lending losses, and that is regulated according to Basel-III. We illustrate the comparative macroeconomic properties of both models by presenting their responses to a wide range of fiscal, demand, supply and financial shocks.
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