Beaton, Kimberly; De Resende, Carlos; Lalonde, René; … - 2010
account balances following the recent global financial crisis. More specifically, they use several shocks from the model to … generate a simulated baseline scenario that mimics: (i) the initial, pre-crisis state of disequilibrium in global current … account balances, and (ii) the effects of the crisis, including those of the policy responses undertaken worldwide. The …