GEM A New International Macroeconomic Model |
|
| Author:
| Bayoumi, Tamim
Faruqee, Hamid
Laxton, Douglas |
| Series title: | Occasional Papers |
| ISBN: | 978-1-58906-375-4 |
| Publication Date: | Nov 2004 |
| Publisher: | International Monetary Fund
|
| Book Format: | Paperback |
| List Price: | USD $15.00 |
Book Description:
|
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF's policy analysis. the paper is aimed at a general audience and avoids technical detail. It outlines the motivation, structure, strengths, and limitations of the model;examines three simulation exercises...
More DescriptionOver the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF's policy analysis. the paper is aimed at a general audience and avoids technical detail. It outlines the motivation, structure, strengths, and limitations of the model;examines three simulation exercises that have been completed;and discusses the future path of GEM.