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GEM: A New International Macroeconomic Model
     

GEM: A New International Macroeconomic Model

by Mr. Tamim Bayoumi
 

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Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s policy analysis. The paper is aimed at a general audience and avoids

Overview

Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s policy analysis. The paper is aimed at a general audience and avoids technical detail. It outlines the motivation, structure, strengths, and limitations of the model; examines three simulation exercises that have been completed; and discusses the future path of GEM.

Product Details

ISBN-13:
9781452746296
Publisher:
INTERNATIONAL MONETARY FUND
Publication date:
11/30/2004
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
2 MB

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