02091cas a2200241 a 4500 AALejournalIMF017567 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475592757 1018-5941 BD-DhAAL BD-DhAAL Vitek, Francis. Policy, Risk and Spillover Analysis in the World Economy : A Panel Dynamic Stochastic General Equilibrium Approach / Francis Vitek. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (122 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 develops a structural macroeconometric model of the world economy, disaggregated into forty national economies, to facilitate multilaterally consistent macrofinancial policy, risk and spillover analysis. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. These macrofinancial linkages encompass bank and capital market based financial intermediation, with financial accelerator mechanisms linked to the values of the housing and physical capital stocks. A variety of monetary policy analysis, fiscal policy analysis, macroprudential policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary, fiscal and macroprudential transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2017/089 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/089/001.2017.issue-089-en.xml IMF e-Library