Monetary and Fiscal Policy Options for Dealing with External Shocks - Insights from the GIMF for Colombia

Monetary and Fiscal Policy Options for Dealing with External Shocks - Insights from the GIMF for Colombia
This paper utilizes an open-economy New Keynesian overlapping generations model, the Global Integrated Monetary and Fiscal Model (GIMF), to assess the macroeconomic effects of external shocks and the impact of various monetary and fiscal policy responses. The simulations assess the effect of shocks to trade, world income, and risk premia for... READ MORE...

Publication date: March 2009
ISBN 9781451872064
$18.00

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