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Role of MULTIMOD in the IMF's Policy Analysis von Isard, Peter (eBook)

  • Erscheinungsdatum: 01.06.2000
  • Verlag: International Monetary Fund
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Role of MULTIMOD in the IMF's Policy Analysis

This paper describes the basic structure, underlying philosophy, and key behavioral properties of MULTIMOD. It also focuses on several recent applications of macromodels in the IMFs policy analysis, emphasizing that most questions put forward for analysis with models like MULTIMOD are initially posed in ways that cannot be addressed by simply pushing a computer key. Meaningful macromodel-based policy analysis requires a sensibly structured and parameterized macromodel, but it also generally requires considerable probing of the nature of the policy issues in order to reformulate policy questions in terms of well-defined exogenous shocks.


    Format: ePUB
    Kopierschutz: AdobeDRM
    Erscheinungsdatum: 01.06.2000
    Sprache: Englisch
    ISBN: 9781455215485
    Verlag: International Monetary Fund
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