The Global Integrated Monetary and Fiscal Model (GIMF); Theoretical Structure

This working paper presents a comprehensive overview of the theoretical structure of the Global Integrated Monetary and Fiscal Model (GIMF), a multi-region dynamic general equilibrium model that is used by the IMF for a variety of tasks including policy analysis, risk analysis, and surveillance.

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Year of publication:	2010-02-01
Authors:	Laxton, Douglas ; Mursula, Susanna ; Kumhof, Michael ; Muir, Dirk
Institutions:	International Monetary Fund (IMF)
Subject:	Banking sector \| Corporate sector \| Economic models \| Private consumption \| Private investment \| Private savings \| investment goods \| fiscal stimulus \| fiscal policy \| elasticity of substitution \| budget constraint \| tax revenue \| aggregate consumption \| fiscal rule \| intermediate goods \| fiscal policies \| taxation \| international trade \| tax rates \| government budget \| factor shares \| government budget constraint \| tax bases \| fiscal policy rules \| nominal interest rate \| external finance \| tradable goods \| domestic economy \| fiscal surplus \| fiscal model \| trade flows \| structural fiscal \| fiscal rules \| aggregate shocks \| zero profits \| domestic demand \| competitive price \| fiscal measures \| equilibrium model \| open economies \| budget deficits \| nontradable goods \| balance of payments \| world economy \| open economy \| account deficits \| import price \| multiple sources \| aggregate demand \| domestic competition \| nominal growth rate \| current account balance \| distortionary effect \| external shocks \| exchange rate movements \| fiscal liability \| fiscal deficits \| tax income \| taxes on labor \| imported inputs \| fiscal multipliers \| output elasticity \| domestic firms \| regional trade \| imported goods \| fiscal consolidation \| budget constraints \| nominal interest rates \| public investment spending \| political economy \| monetary union \| public finances \| tax payments \| fiscal instruments \| world market \| fiscal structure \| distortionary taxes \| external financing \| fiscal analysis \| terms-of-trade shocks \| fiscal shocks \| domestic market \| trade shocks \| government spending

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 10/34 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008519497