Cover IMF Working Papers
Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model
Author:
Mr. Derek Anderson
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Mr. Benjamin L Hunt
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Mika Kortelainennull

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Mr. Michael Kumhof
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Mr. Douglas Laxton
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Mr. Dirk V Muir
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Susanna Mursula
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Stephen Snuddennull

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Series:
IMF Working Papers
Volume/Issue:
Volume 2013: Issue 055
Language:
English
Publication Date:
27 Feb 2013
DOI:
https://doi.org/10.5089/9781475559415.001
ISBN:
9781475559415
ISSN:
1018-5941
Pages:
66
Keywords:
WP; real interest rate; cost of capital; demand; interest rate; business cycle; fiscal multipliers; fiscal consolidation; fiscal policy; general equilibrium models; interest rates; macroeconomic interdependence; monetary policy; policy effects; simulation; goods sector; consumption goods; price inflation; investment goods; interest rate rule; CPI inflation rise; world real interest rate; output price; price effect; inflation rise; goods price; Real interest rates; Inflation; Consumption; Real effective exchange rates; Central bank policy rate; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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. Using a 5-region version of the GIMF, this paper illustrates the model’s macroeconomic properties by presenting its responses under a wide range of experiments, including fiscal, monetary, financial, demand, supply, and international shocks.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2013: Issue 055