01690cas a2200265 a 4500 AALejournalIMF003990 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863406 1018-5941 BD-DhAAL BD-DhAAL Laxton, Douglas. A Practical Model-Based Approach to Monetary Policy Analysis-Overview / Douglas Laxton, Andrew Berg, Philippe Karam. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (45 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper motivates and describes an approach to forecasting and monetary policy analysis based on the use of a simple structural macroeconomic model, along the lines of those in use in a number of central banks. It contrasts this approach with financial programming and its emphasis on monetary aggregates, as well as with more econometrically driven analyses. It presents illustrative results from an application to Canada. A companion paper provides a more detailed how-to guide and introduces a set of tools designed to facilitate this approach. Mode of access: Internet Berg, Andrew. Karam, Philippe. IMF Working Papers; Working Paper ; No. 2006/080 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/080/001.2006.issue-080-en.xml IMF e-Library