GEM: A New International Macroeconomic Model
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| Author: | Tamim Mr. Bayoumi, Hamid Mr. Faruqee, Douglas Mr. Laxton, Philippe Mr. Karam, Alessandro Mr. Rebucci, Jaewoo Mr. Lee, Ben Mr. Hunt, Ivan Tchakarov | ISBN: | 9781452746296 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | November 30, 2004 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Tamim Mr. Bayoumi, Hamid Mr. Faruqee, Douglas Mr. Laxton, Philippe Mr. Karam, Alessandro Mr. Rebucci, Jaewoo Mr. Lee, Ben Mr. Hunt, Ivan Tchakarov |
| ISBN: | 9781452746296 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | November 30, 2004 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
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.
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.
