Series: IMF Working Papers
Author(s): Jaromir Benes , Michael Kumhof , and Douglas Laxton
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 04 April 2014
Keywords: lending boom, credit crunch, financialy cycle, asset price bubble, bank capital, bank balance sheets, bank deposits, banking, Financial Markets and the Macroeconomy, Forecasting and Simulation,
This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, ban...