Macrofinancial Modeling At Central Banks PDF Download

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Macrofinancial Modeling At Central Banks

Macrofinancial Modeling At Central Banks PDF Author: Mr.Scott Roger
Publisher: International Monetary Fund
ISBN: 1463947550
Category : Business & Economics
Languages : en
Pages : 39

Book Description
This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which allow analysis of the macroeconomic effects of macroprudential policy tools and to evaluate elements of the Basel III reforms as a priority. The paper also reviews the main approaches to introducing financial frictions into general equilibrium models.
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