01650cas a2200253 a 4500 AALejournalIMF011637 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463931834 1018-5941 BD-DhAAL BD-DhAAL Vlcek, Jan. Macrofinancial Modeling At Central Banks : Recent Developments and Future Directions / Jan Vlcek, Scott Roger. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (39 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 surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models which allow analysis of the macroeconomic effects of macroprudential policy tools and to evaluate elements of the Basel III reforms as a priority. The paper also reviews the main approaches to introducing financial frictions into general equilibrium models. Mode of access: Internet Roger, Scott. IMF Working Papers; Working Paper ; No. 2012/021 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/021/001.2012.issue-021-en.xml IMF e-Library