Macrofinancial Modeling at Central Banks: Recent Developments and Future Directions

Working Paper No. 12/21

Nopic
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... READ MORE...

Publication date: January 2012
ISBN 9781463931834
$18.00

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Publication date: January 2012

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Publication date: January 2012

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