01920cas a2200277 a 4500 AALejournalIMF009528 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867640 1018-5941 BD-DhAAL BD-DhAAL Botman, Dennis. DSGE Modeling at the Fund : Applications and Further Developments / Dennis Botman, David Rose, Douglas Laxton, Philippe Karam. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (41 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 Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the applications of two of these models. The Global Economy Model is a quarterly model that features a large assortment of nominal and real rigidities, which are necessary to create plausible short-run dynamics. However, because this model is based on a representative-agent paradigm, its Ricardian features make it unsuitable to study many fiscal policy issues. The Global Fiscal Model, which is an annual model that uses an overlappinggenerations structure, has been designed to analyze the longer-term consequences of alternative fiscal policies. Mode of access: Internet Karam, Philippe. Laxton, Douglas. Rose, David. IMF Working Papers; Working Paper ; No. 2007/200 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/200/001.2007.issue-200-en.xml IMF e-Library