Policy applications of a global macroeconomic model

In this Economic Letter, we summarize the key components of the GVAR model and discuss its usefulness for monetary policy applications and for credit risk management issues faced by financial institutions and their government supervisors. We argue that while the GVAR model is probably useful for credit risk management and could potentially have some use for bank supervision, it is unlikely to be as useful for monetary policy applications.

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Year of publication:	2004
Authors:	Dennis, Richard ; Lopez, Jose A.
Published in:	FRBSF Economic Letter. - Federal Reserve Bank of San Francisco. - 2004, 14
Publisher:	Federal Reserve Bank of San Francisco
Subject:	Monetary policy \| Macroeconomics \| Economic policy

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005346551