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Download Practical Model-Based Monetary Policy Analysis–A How-To Guide by Philippe D. Karam in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About Practical Model-Based Monetary Policy Analysis–A How-To Guide
This paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This workhorse model consists of an aggregate demand (or IS) curve, a price-setting (or Phillips) curve, a version of the uncovered interest parity condition, and a monetary policy reaction function. The paper discusses how to parameterize the model and use it for forecasting and policy analysis, illustrating with an application to Canada. It also introduces a set of useful software tools for conducting a model-consistent forecast.
Detailed Information
| Author: | Philippe D. Karam |
|---|---|
| Publication Year: | 2006 |
| ISBN: | 6613822124 |
| Pages: | 69 |
| Language: | English |
| File Size: | 0.80078125 |
| Format: | |
| Price: | FREE |
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