HOME View All Genre

Book

Audiobook

GENRES 🌙 Dark

GEM: A New International Macroeconomic Model - Tamim Bayoumi, Hamid Faruqee, Douglas Laxton, Philippe D Karam, Alessandro Rebucci, Jaewoo Lee, Ben Hunt & Ivan Tchakarov

By Tamim Bayoumi, Hamid Faruqee, Douglas Laxton, Philippe D Karam, Alessandro Rebucci, Jaewoo Lee, Ben Hunt & Ivan Tchakarov

Release Date: 2004-11-30

Genre: Economics

(0 ratings)
Read Download
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 predecessor model, and how the new features of the model can improve the IMF's policy analysis. The paper is aimed at a general audience and avoids technical detail. It outlines the motivation, structure, strengths, and limitations of the model; examines three simulation exercises that have been completed; and discusses the future path of GEM.

GEM: A New International Macroeconomic Model - Tamim Bayoumi, Hamid Faruqee, Douglas Laxton, Philippe D Karam, Alessandro Rebucci, Jaewoo Lee, Ben Hunt & Ivan Tchakarov

By Tamim Bayoumi, Hamid Faruqee, Douglas Laxton, Philippe D Karam, Alessandro Rebucci, Jaewoo Lee, Ben Hunt & Ivan Tchakarov

Release Date: 2004-11-30

Genre: Economics

(0 ratings)
Read Download
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 predecessor model, and how the new features of the model can improve the IMF's policy analysis. The paper is aimed at a general audience and avoids technical detail. It outlines the motivation, structure, strengths, and limitations of the model; examines three simulation exercises that have been completed; and discusses the future path of GEM.

More by Tamim Bayoumi, Hamid Faruqee, Douglas Laxton, Philippe D Karam, Alessandro Rebucci, Jaewoo Lee, Ben Hunt & Ivan Tchakarov

Unfinished Business

Post-Bubble Blues: How Japan Responded to Asset Price Collapse

Structural Change in Japan: Macroeconomic Impact and Policy Challenges

GEM: A New International Macroeconomic Model

Improving the International Monetary System: Constraints and Possibilities

Monetary Policy in the New Normal

Northern Star: Canada's Path to Economic Prosperity

Exchange Rate Movements and Their Impact on Trade and Investment in the APEC Region

Related Articles