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GEM
			: A New International Macroeconomic Model

GEM : A New International Macroeconomic Model »

Series: Occasional Papers

Author(s): Tamim Bayoumi , Hamid Faruqee , Douglas Laxton , Philippe Karam , Alessandro Rebucci , Jaewoo Lee , Benjamin Hunt , and Ivan Tchakarov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2004

DOI: http://dx.doi.org/10.5089/9781589063754.084

ISBN: 9781589063754

Keywords: Economic models, inflation, monetary policy, aggregate demand, monetary fund, oil prices

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 pred...

Back Matter

Back Matter »

Source: GEM : A New International Macroeconomic Model

Series: Occasional Papers

Author(s): Tamim Bayoumi , Hamid Faruqee , Douglas Laxton , Philippe Karam , Alessandro Rebucci , Jaewoo Lee , Benjamin Hunt , and Ivan Tchakarov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2004

ISBN: 9781589063754

Keywords: Economic models, inflation, monetary policy, aggregate demand, monetary fund, oil prices

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 pred...

Front Matter

Front Matter »

Source: GEM : A New International Macroeconomic Model

Series: Occasional Papers

Author(s): Tamim Bayoumi , Hamid Faruqee , Douglas Laxton , Philippe Karam , Alessandro Rebucci , Jaewoo Lee , Benjamin Hunt , and Ivan Tchakarov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2004

ISBN: 9781589063754

Keywords: Economic models, inflation, monetary policy, aggregate demand, monetary fund, oil prices

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 pred...

Guyana: 2016 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Guyana

Guyana: 2016 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Guyana »

Source: Guyana : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

Volume/Issue: 2016/216

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2016

ISBN: 9781475536126

Keywords: Article IV consultation reports, Economic growth, Oil prices, Public investment, Fiscal policy, Monetary policy, Banks, Bank supervision, Reserves, Economic indicators

This paper discusses recent economic developments, the outlook, and risks for the Czech Republic. The economy has been growing at an exceptionally strong pace. Driven by robust domestic demand, output expanded by 4...

Guyana: Staff Report for the 2016 Article IV Consultation—Debt Sustainability Analysis

Guyana: Staff Report for the 2016 Article IV Consultation—Debt Sustainability Analysis »

Source: Guyana : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

Volume/Issue: 2016/216

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2016

ISBN: 9781475536126

Keywords: Article IV consultation reports, Economic growth, Oil prices, Public investment, Fiscal policy, Monetary policy, Banks, Bank supervision, Reserves, Economic indicators

This paper discusses recent economic developments, the outlook, and risks for the Czech Republic. The economy has been growing at an exceptionally strong pace. Driven by robust domestic demand, output expanded by 4...

Guyana: Staff Report for the 2016 Article IV Consultation-Informational Annex

Guyana: Staff Report for the 2016 Article IV Consultation-Informational Annex »

Source: Guyana : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

Volume/Issue: 2016/216

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2016

ISBN: 9781475536126

Keywords: Article IV consultation reports, Economic growth, Oil prices, Public investment, Fiscal policy, Monetary policy, Banks, Bank supervision, Reserves, Economic indicators

This paper discusses recent economic developments, the outlook, and risks for the Czech Republic. The economy has been growing at an exceptionally strong pace. Driven by robust domestic demand, output expanded by 4...

I Overview

I Overview »

Source: GEM : A New International Macroeconomic Model

Series: Occasional Papers

Author(s): Tamim Bayoumi , Hamid Faruqee , Douglas Laxton , Philippe Karam , Alessandro Rebucci , Jaewoo Lee , Benjamin Hunt , and Ivan Tchakarov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2004

ISBN: 9781589063754

Keywords: Economic models, inflation, monetary policy, aggregate demand, monetary fund, oil prices

Over the last two years, IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). An obvious question is why such a model is needed, given that...

II Philosophy and Approach

II Philosophy and Approach »

Source: GEM : A New International Macroeconomic Model

Series: Occasional Papers

Author(s): Tamim Bayoumi , Hamid Faruqee , Douglas Laxton , Philippe Karam , Alessandro Rebucci , Jaewoo Lee , Benjamin Hunt , and Ivan Tchakarov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2004

ISBN: 9781589063754

Keywords: Economic models, inflation, monetary policy, aggregate demand, monetary fund, oil prices

Why a New Model? The development and rationale for GEM can be best explained through a brief description of the role of large macroeconomic policy models. Academic work in macroecono...

III How Has GEM Been Used?

III How Has GEM Been Used? »

Source: GEM : A New International Macroeconomic Model

Series: Occasional Papers

Author(s): Tamim Bayoumi , Hamid Faruqee , Douglas Laxton , Philippe Karam , Alessandro Rebucci , Jaewoo Lee , Benjamin Hunt , and Ivan Tchakarov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2004

ISBN: 9781589063754

Keywords: Economic models, inflation, monetary policy, aggregate demand, monetary fund, oil prices

GEM simulations have already been used to provide insights on a range of issues. In particular, they have been incorporated into the IMF staff’s analysis in the World Economic Outlook and other...

IMF Executive Board Concludes Article IV Consultation with Guyana

IMF Executive Board Concludes Article IV Consultation with Guyana »

Source: Guyana : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

Volume/Issue: 2016/216

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2016

ISBN: 9781475536126

Keywords: Article IV consultation reports, Economic growth, Oil prices, Public investment, Fiscal policy, Monetary policy, Banks, Bank supervision, Reserves, Economic indicators

This paper discusses recent economic developments, the outlook, and risks for the Czech Republic. The economy has been growing at an exceptionally strong pace. Driven by robust domestic demand, output expanded by 4...