02443cas a2200337 a 4500 AALejournalIMF022395 230101c9999 xx r poo 0 0eng d 5.00 USD 9781616359706 1018-5941 BD-DhAAL BD-DhAAL Adrian, Tobias. A Medium-Scale DSGE Model for the Integrated Policy Framework / Tobias Adrian, Vitor Gaspar, Francis Vitek. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (99 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 jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the world economy, featuring a range of nominal and real rigidities, extensive macrofinancial linkages with endogenous risk, and diverse spillover transmission channels. In the pursuit of inflation and output stabilization objectives, it is optimal to adjust all policies in response to domestic and global financial cycle upturns and downturns when feasible-including foreign exchange intervention and capital flow management under some conditions-to widely varying degrees depending on the structural characteristics of the economy. The framework is applied empirically to four small open advanced and emerging market economies. Mode of access: Internet Macroeconomic Policy and Macroeconomic Aspects of Public Finance imf Monetary Policy, Central Banking, and the Supply of Money imf Monetary Policy, Foreign Exchange Intervention and Fiscal Policy imf Policy Transmission Mechanisms imf Price Inflation imf Prices, Business Fluctuations and Cycles imf Gaspar, Vitor. Vitek, Francis. IMF Working Papers; Working Paper ; No. 2022/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/2022/015/001.2022.issue-015-en.xml IMF e-Library