Financial Crises in DSGE Models : Selected Applications of MAPMOD /
This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the rea...
| Main Author: | Benes, Jaromir |
|---|---|
| Other Authors: | Kumhof, Michael, Laxton, Douglas |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2014.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2014/056 |
| Online Access: | Full text available on IMF |
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