Financial Crises in DSGE Models: Selected Applications of MAPMOD

Financial Crises in DSGE Models: Selected Applications of MAPMOD
This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy. But excessively large and risky... READ MORE...

Publication date: April 2014
ISBN 9781475540239
$18.00

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