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French Public Finances

French Public Finances »

Source: French Public Finances : Modeling Long-Term Prospects and Reform Options

Volume/Issue: 1998/12

Series: IMF Working Papers

Author(s): Karl Habermeier , and Fabrice Lenseigne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1998

ISBN: 9781451842876

Keywords: Population Aging, Economic Growth, Public Finance, Health Care, Stochastic Simulations, pension, retirement, retirement age

Over the coming decades, demographic developments will lead to a significant increase in public outlays on pensions and health care, relative to national income. This study extends earlier work by considering the a...

Monetary Policy Rules for Managing Aid Surges in Africa

Monetary Policy Rules for Managing Aid Surges in Africa »

Source: Monetary Policy Rules for Managing Aid Surges in Africa

Volume/Issue: 2007/180

Series: IMF Working Papers

Author(s): Edward Buffie , Stephen O'Connell , Catherine Pattillo , and Christopher Adam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867442

Keywords: Aid volatility, stochastic simulation models, exchange rate, inflation, foreign exchange, real exchange rate,

Since the turn of the century, aid flows to Africa have increased on average and become more volatile. As a result, policymakers, particularly in post-stabilization countries where inflation has only recently been...

Spillovers in the Nordic Countries

Spillovers in the Nordic Countries »

Source: Spillovers in the Nordic Countries

Volume/Issue: 2015/70

Series: IMF Working Papers

Author(s): Borislava Mircheva , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2015

ISBN: 9781475554106

Keywords: dynamic stochastic general equilibrium models, Nordic countries, gdp, demand, consumption, real gdp, investment, Forecasting and Simulation, Monetary Policy (Targets, Instruments

Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well as some exposure to Russia. Using the IMF's Global Integrated Monetary and Fiscal model (GIMF...

The Flexible System of Global Models – FSGM

The Flexible System of Global Models – FSGM »

Source: The Flexible System of Global Models - FSGM

Volume/Issue: 2015/64

Series: IMF Working Papers

Author(s): Michal Andrle , Patrick Blagrave , Pedro Espaillat , Keiko Honjo , Benjamin Hunt , Mika Kortelainen , René Lalonde , Douglas Laxton , Eleonara Mavroeidi , Dirk Muir , Susanna Mursula , and Stephen Snudden

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

ISBN: 9781475518665

Keywords: dynamic stochastic general equilibrium models, macroeconomic interdependence, consumption, investment, demand, trade, potential output, Forecasting and Simulation, Monetary Policy (Targets, Instruments

The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structur...

Measures of Fiscal Risk in  Hydrocarbon-Exporting Countries

Measures of Fiscal Risk in Hydrocarbon-Exporting Countries »

Source: Measures of Fiscal Risk in Hydrocarbon-Exporting Countries

Volume/Issue: 2012/260

Series: IMF Working Papers

Author(s): Carlos Caceres , and Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2012

ISBN: 9781475530162

Keywords: stochastic simulations, volatility, break-even prices, exporting countries, commodity prices, break-even prices., Forecasting and Other Model Applications, Financial Forecasting and Simulation, General, Government Policy,

The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, mediu...

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition »

Source: Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition

Volume/Issue: 2018/119

Series: IMF Working Papers

Author(s): Philippe Karam , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2018

ISBN: 9781484357200

Keywords: Asia and Pacific, Australia, Dynamic stochastic general equilibrium; open economy macoeconomics; small open economy; open economy simulation, Dynamic stochastic general equilibrium, open economy macoeconomics, small open economy, open economy simulation, Forecasting and Simulation, Open Economy Macroeconomics, International Policy Coordination and Transmission

China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links a...

A Macro Model of the Credit Channel in a Currency Union Member

A Macro Model of the Credit Channel in a Currency Union Member »

Source: A Macro Model of the Credit Channel in a Currency Union Member : The Case of Benin

Volume/Issue: 2010/191

Series: IMF Working Papers

Author(s): Issouf Samaké

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455202256

Keywords: Benin; Credit channel, government bonds, general equilibrium, stochastic simulation, bonds, reserve requirement, monetary policy, central bank, Simulation Methods, Macroeconomics: Production

This paper applies and extends a theoretical model built by Agénor and Montiel (2007) by exploring the effectiveness of government bonds and monetary policy in a small, open, credit-based economy with a fixed excha...

No Business Taxation Without Model Representation

No Business Taxation Without Model Representation »

Source: No Business Taxation Without Model Representation : Adding Corporate Income and Cash Flow Taxes to GIMF

Volume/Issue: 2017/259

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2017

ISBN: 9781484326015

Keywords: tax policy; business taxation; financial accelerator; corporate leverage; dynamic stochastic general equilibrium models; macroeconomic interdependence; tax policy; business taxation; dynamic stochastic general equilibrium models; macroeconomic interdependence; Forecasting and Simulation; Monetary Policy (Targets; Instruments; and Effects); Open Economy Macroeconomics

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper...

Corporate Tax Reform: From Income to Cash Flow Taxes

Corporate Tax Reform: From Income to Cash Flow Taxes »

Source: Corporate Tax Reform: From Income to Cash Flow Taxes

Volume/Issue: 2019/13

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2019

ISBN: 9781484390085

Keywords: tax policy; business taxation, corporate leverage, dynamic stochastic general equilibrium models; macroeconomic interdependence, tax policy, business taxation, dynamic stochastic general equilibrium models, macroeconomic interdependence, Forecasting and Simulation, Monetary Policy (Targets, Instruments

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key ch...

Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies

Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies »

Source: Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies

Volume/Issue: 2017/276

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781484332993

Keywords: tax policy; business taxation, financial accelerator, dynamic stochastic general equilibrium models; macroeconomic interdependence, tax policy, business taxation, dynamic stochastic general equilibrium models, macroeconomic interdependence, Forecasting and Simulation, Monetary Policy (Targets, Instruments

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research....