Douglas Laxton

International Monetary Fund (IMF) - Research Department

700 19th Street NW

Washington, DC 20431

United States

SCHOLARLY PAPERS

83

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SSRN CITATIONS
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Top 2,648

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68

CROSSREF CITATIONS

433

Scholarly Papers (83)

1.

A Practical Model-Based Approach to Monetary Policy Analysis - Overview

Number of pages: 45 Posted: 17 May 2006
Andrew Berg, Philippe D. Karam and Douglas Laxton
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 615 (56,985)

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Monetary policy, forecasting and simulation, model construction, estimation

2.

Practical Model-Based Monetary Policy Analysis: A How-To Guide

Number of pages: 69 Posted: 17 May 2006
Andrew Berg, Philippe D. Karam and Douglas Laxton
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 539 (67,244)

Abstract:

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Monetary Policy, Forecasting and Simulation, Model construction and estimation, computation techniques

3.

The Macroeconomic Effects of Higher Oil Prices

Number of pages: 47 Posted: 31 Jan 2006
Ben Hunt, Peter Isard and Douglas Laxton
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 529 (68,904)

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oil price shocks, MULTIMOD, monetary policy

4.

Effects of Fiscal Stimulus in Structural Models

Number of pages: 122 Posted: 29 Mar 2010
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Government of Canada - Bank of Canada, University of Palermo, CEPR, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Sveriges Riksbank - Research Division, Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO), Bank of Canada, International Monetary Fund (IMF), Bank of Canada - International Economic Analysis Department, International Monetary Fund (IMF), European Commission, DGECFINEuropean Commission, Queen's University - Department of EconomicsInternational Monetary Fund (IMF), Sveriges RiksbankBoard of Governors of the Federal Reserve System and European Union - Directorate General for Economic and Financial Affairs (DG ECFIN)
Downloads 358 (109,013)
Citation 10

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Budget deficits, Cross country analysis, Economic forecasting, Economic models, Europe, Fiscal policy, Government expenditures, Monetary policy, Public debt, Stabilization measures, Taxes, United States

5.

Welfare-Based Monetary Policy Rules in an Estimated DSGE Model of the Us Economy

ECB Working Paper No. 613
Number of pages: 68 Posted: 22 May 2006
Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 358 (109,013)
Citation 2

Abstract:

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Competition, markups, monetary policy, Taylor rule

6.

A New-Open-Economy-Macro Model for Fiscal Policy Evaluation

Number of pages: 46 Posted: 23 Mar 2006
International Monetary Fund (IMF) - Fiscal Affairs Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and University of Wisconsin - Madison - Robert M. La Follette School of Public Affairs
Downloads 349 (112,119)

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Finite lives, distortionary taxes, rule-of-thumb consumers, government debt

7.

DSGE Modeling at the Fund: Applications and Further Developments

Number of pages: 42 Posted: 28 Nov 2007
International Monetary Fund (IMF) - Fiscal Affairs Department, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and QED Solutions
Downloads 336 (117,041)

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Working Paper, Fiscal policy, Economic models, Monetary policy

8.

Financial Crises in DSGE Models: A Prototype Model

Number of pages: 60 Posted: 30 Apr 2014
Jaromir Benes, Michael Kumhof and Douglas Laxton
Czech National Bank, CEPR and International Monetary Fund (IMF) - Research Department
Downloads 330 (119,282)
Citation 1

Abstract:

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Financial crisis, Credit expansion, Bank credit, Credit risk, Banks, Loans, Macroprudential Policy, Monetary policy, Economic models, lending boom, credit crunch, financialy cycle, asset price bubble, bank capital, bank balance sheets, bank deposits, banking, capital adequacy, capital regulation, probability of default, retained earnings, bank equity, banking sector, bank borrowers, prudential regulation, present value, recapitalization, bank credit creation, bank assets, bank liabilities, return on equity, bank capital regulation, banks loans, monetary authority, banking crises, banking activities, banking supervision, capital adequacy ratio, banking system, bank earnings, financial risk, b

9.

Why Inflation Targeting?

Number of pages: 27 Posted: 28 Apr 2009
Charles Freedman and Douglas Laxton
Government of Canada - Bank of Canada and International Monetary Fund (IMF) - Research Department
Downloads 248 (160,468)

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Inflation targeting, Monetary policy, Inflation, Economic models

10.

Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States

Number of pages: 38 Posted: 15 Feb 2006
Guy Debelle and Douglas Laxton
Reserve Bank of Australia and International Monetary Fund (IMF) - Research Department
Downloads 248 (160,468)
Citation 6

Abstract:

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11.

A Small Quarterly Projection Model of the US Economy

Number of pages: 56 Posted: 18 Dec 2008
International Monetary Fund (IMF), Bank of Russia, Government of Canada - Bank of Canada, Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), Bank of Russia and International Monetary Fund (IMF) - Research Department
Downloads 227 (174,702)

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Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 64 Posted: 25 Aug 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 105 (330,011)
Citation 1

Abstract:

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Competition, Markups, Monetary Policy, Taylor Rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 50 Posted: 30 May 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 103 (334,293)
Citation 6

Abstract:

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Competition, markups, monetary policy, Taylor Rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 52 Posted: 12 Aug 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 15 (719,838)
Citation 2
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Competition, mark-ups, monetary policy, Taylor rule

13.

Oil Prices and the Global Economy

Number of pages: 31 Posted: 23 Mar 2017
World Bank - African Development Bank, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), CBA, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 220 (179,930)

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Oil prices, Oil sector, Supply and demand, Oil production, Econometric models, Oil market; macroeconomic model; depletion; consumption efficiency; technology; cycle.

14.

Monetary Policy Credibility and the Unemployment-Inflation Trade-Off: Some Evidence from 17 Industrial Countries

Number of pages: 40 Posted: 12 Feb 2006
Douglas Laxton and Papa N'Diaye
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Asia and Pacific Department
Downloads 207 (190,515)
Citation 1

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Phillips Curve, Unemployment, Monetary Policy, Lucas Critique

15.

Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits

Number of pages: 41 Posted: 24 Nov 2009
CEPR, Bank of Canada, Government of Canada - Bank of Canada, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 199 (197,489)

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Budget deficits, Economic models, External shocks, Financial crisis, Financial sector, Fiscal policy, Global Financial Crisis 2008-2009, Government expenditures, International financial system, Monetary policy, Productivity, Public debt

16.

The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure

Number of pages: 74 Posted: 22 Feb 2010
CEPR, Bank of Canada, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 189 (206,867)
Citation 2

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17.

Estimating Potential Output with a Multivariate Filter

Number of pages: 38 Posted: 01 Feb 2011
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF), Independent, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and Government of New Zealand - Department of Economics
Downloads 176 (220,156)
Citation 1

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Cross country analysis, Economic growth, Economic models, Financial crisis, Fiscal policy, Global Financial Crisis 2008-2009, Industrial production, Inflation, Monetary policy, Unemployment

18.

Fiscal Deficits and Current Account Deficits

Number of pages: 36 Posted: 02 Nov 2009
Michael Kumhof and Douglas Laxton
CEPR and International Monetary Fund (IMF) - Research Department
Downloads 173 (223,373)

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Budget deficits, Business cycles, Current account deficits, Economic models, Fiscal policy, Fiscal sustainability, Gross domestic product, Monetary policy, Private sector, Public debt, Savings

19.

The Future of Oil: Geology Versus Technology

Number of pages: 34 Posted: 11 May 2013
International Monetary Fund (IMF), University of California Riverside, International Monetary Fund (IMF), CEPR, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and affiliation not provided to SSRN
Downloads 152 (249,089)
Citation 2

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Oil prices, Economic models, External shocks, Oil production, oil supply, oil demand, world oil production, higher oil prices, oil market, output growth, oil shock, world economy, aggregate demand, crude oil, conventional oil, oil and gas, fossil fuels, oil sector, oil reserves, world oil demand, oil industry, world growth, oil shale, oil production forecasts, world output, ecological economics, global supply, price fluctuations, oil recovery, dynamic effects, crude oil market, income elasticities, increased oil prices, oil producers, global oil production, oil price fluctuations, million barrels, energy information administration, oil markets, nonrenewable resources, oil price changes, opec

20.

A Party Without a Hangover? On the Effects of U.S. Government Deficits

Number of pages: 40 Posted: 28 Nov 2007
Michael Kumhof and Douglas Laxton
CEPR and International Monetary Fund (IMF) - Research Department
Downloads 147 (255,903)

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Budget deficits, United States, Working Paper, Taxes, Public debt, Economic models

21.

Financial Crises in DSGE Models: Selected Applications of MAPMOD

Number of pages: 56 Posted: 30 Apr 2014
Jaromir Benes, Michael Kumhof and Douglas Laxton
Czech National Bank, CEPR and International Monetary Fund (IMF) - Research Department
Downloads 144 (260,188)

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Financial crisis, Credit expansion, Banks, Loans, Credit risk, Macroprudential Policy, Economic models, lending boom, credit crunch, financial cycle, asset price bubble, capital adequacy, capital adequacy ratio, capital adequacy ratios, capital inflow, capital stock, bank balance sheets, banking, real appreciation, capital markets, international capital markets, bank capital, banking system, bank credit, foreign capital, bank deposits, bank equity, bank borrowers, bank agents, inflation rate, exogenous shocks, capital adjustment, banking markets, banks balance sheets, credit rationing, stock market, domestic borrowers, foreign asset, capital accumulation, hedging

22.

Inflation Targeting Under Imperfect Policy Credibility

Number of pages: 32 Posted: 03 May 2009
International Monetary Fund (IMF), International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of Canada - Bank of Canada, Independent, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 142 (263,142)

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Inflation targeting, Emerging markets, Monetary policy, Disinflation, Demand, Price increases, Economic models

23.

Phillips Curves, Phillips Lines and the Unemployment Costs of Overheating

Number of pages: 50 Posted: 15 Feb 2006
Peter B. Clark and Douglas Laxton
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 140 (266,043)

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Phillips curve, Unemployment, Monetary Policy

24.

Asymmetric Effects of Economic Activity on Inflation: Evidence and Policy Implications

Number of pages: 48 Posted: 15 Feb 2006
Douglas Laxton and Guy Meredith
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 138 (269,127)
Citation 4

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25.

Simple, Implementable Fiscal Policy Rules

Number of pages: 43 Posted: 28 Apr 2009
Michael Kumhof and Douglas Laxton
CEPR and International Monetary Fund (IMF) - Research Department
Downloads 125 (290,032)

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Fiscal policy, Business cycles, Revenues, Monetary policy, External shocks, Commodity prices, Copper, Manufacturing, Economic stabilization, Economic models

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

FRB of New York Staff Report No. 268
Number of pages: 59 Posted: 06 Dec 2006
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 84 (381,272)

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current account deficit, multicountry dynamic general equilibrium models, trade policy

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

NBER Working Paper No. w12704
Number of pages: 59 Posted: 20 Nov 2006 Last Revised: 19 Sep 2021
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 25 (641,364)

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Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

Number of pages: 61 Posted: 20 Mar 2007
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 13 (737,088)
Citation 3
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Current account deficit, multi-country DGE models, net asset positions, trade policy

27.

A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices

Number of pages: 76 Posted: 18 Dec 2008
International Monetary Fund (IMF), Bank of Russia, Government of Canada - Bank of Canada, Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), Bank of Russia, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 119 (300,601)

Abstract:

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Working Paper

28.

Monetary Transmission in an Emerging Targeter: The Case of Brazil

Number of pages: 44 Posted: 12 Sep 2008
A. R. Pagan, Luis Catão and Douglas Laxton
Queensland University, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 119 (300,601)

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Brazil, Monetary policy, Inflation targeting, Emerging markets, Bank credit, Interest rates, Developed countries, Economic models, Disinflation

29.

Government Debt, Life-Cycle Income and Liquidity Constraints: Beyond Approximate Ricardian Equivalence

Number of pages: 30 Posted: 15 Feb 2006
Hamid Faruqee, Douglas Laxton and Steven Symansky
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Fiscal Affairs Department
Downloads 117 (304,214)

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Ricardian Equivalence, Crowding Out, Real Interest Rates, Government Debt

30.

Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT)

Number of pages: 67 Posted: 29 Mar 2009
Douglas Laxton, David Rose and Alasdair M. Scott
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 111 (315,577)

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Inflation, Forecasting models, Data analysis, Databases, Monetary policy, Central banks, Human capital

31.

Possible Effects of European Monetary Union on Switzerland: A Case Study of Policy Dilemmas Caused by Low Inflation and the Nominal Interest Rate Floor

Number of pages: 33 Posted: 15 Feb 2006
Douglas Laxton and Eswar S. Prasad
International Monetary Fund (IMF) - Research Department and Cornell University - Dyson School of Applied Economics and Management
Downloads 107 (323,732)
Citation 1

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EMU, monetary policy, nonlinearities, policy simulations

32.

A Small Quarterly Multi-Country Projection Model

Number of pages: 61 Posted: 18 Dec 2008
International Monetary Fund (IMF), Bank of Russia, Government of Canada - Bank of Canada, Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), Bank of Russia, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 100 (338,591)

Abstract:

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Working Paper

33.

Endogenous Monetary Policy Credibility in a Small Macro Model of Israel

Number of pages: 35 Posted: 14 Sep 2007
Bank of Israel - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and QED Solutions
Downloads 100 (338,591)

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Monetary policy, Israel, Inflation targeting, Economic models, Working Paper

34.

A Robust and Efficient Method for Solving Nonlinear Rational Expectations Models

Number of pages: 30 Posted: 15 Feb 2006
Douglas Laxton
International Monetary Fund (IMF) - Research Department
Downloads 97 (345,345)

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35.

Asymmetry in the U.S. Output-Inflation Nexus: Issues and Evidence

Number of pages: 52 Posted: 15 Feb 2006
Douglas Laxton
International Monetary Fund (IMF) - Research Department
Downloads 94 (352,300)

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36.

Chile's Structural Fiscal Surplus Rule: A Model-Based Evaluation

Number of pages: 56 Posted: 28 Apr 2009
Michael Kumhof and Douglas Laxton
CEPR and International Monetary Fund (IMF) - Research Department
Downloads 90 (362,069)

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Fiscal policy, Chile, Current account surpluses, Business cycles, Copper, Economic models

37.

A Model for Full-Fledged Inflation Targeting and Application to Ghana

Number of pages: 31 Posted: 15 Feb 2010
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 82 (383,154)

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Central banks, Disinflation, Economic models, External shocks, Ghana, Inflation rates, Inflation targeting, Low-income developing countries, Monetary policy, Public information, Transparency

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

FRB of New York Staff Report No. 267
Number of pages: 37 Posted: 06 Dec 2006
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 46 (519,235)

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deflation, monetary policy rules, zero interest rate floor

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

NBER Working Paper No. w12703
Number of pages: 37 Posted: 20 Nov 2006 Last Revised: 18 Sep 2021
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 25 (641,364)

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Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

Number of pages: 39 Posted: 23 Mar 2007
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 11 (754,274)
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Deflation, monetary policy rules, zero interest rate floor

39.

Inflation Targeting Pillars: Transparency and Accountability

Number of pages: 20 Posted: 08 Dec 2009
Charles Freedman and Douglas Laxton
Government of Canada - Bank of Canada and International Monetary Fund (IMF) - Research Department
Downloads 81 (385,940)

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Central bank policy, Central banks, Inflation, Inflation targeting, Monetary policy, Transparency

40.

Budget Consolidation: Short-Term Pain and Long-Term Gain

Number of pages: 34 Posted: 19 Jul 2010
CEPR, Government of Canada - Bank of Canada, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 80 (388,826)
Citation 3

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41.

The Benefits of International Policy Coordination Revisited

Number of pages: 54 Posted: 09 Jan 2014
International Monetary Fund (IMF), CEPR, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 78 (394,468)

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Fiscal policy, Macroprudential Policy, Monetary policy, Stabilization measures, International cooperation, Economic models, International Policy Coordination, International Spillovers, Nonlinearities, Fiscal Multipliers, Macrofinancial Linkages, Prudential Regulation, inflation, real interest rates, nominal interest rates, monetary economics, terms of trade, foreign currency, real value, aggregate demand, terms of trade shock, foreign exchange, real output, financial stability, increase in inflation, price level, nominal rate of return, relative price, inflationary pressures, inflation objective, rate of inflation, inflation targeting

42.

The Zero Interest Rate Floor (Zif) and its Implications for Monetary Policy in Japan

Number of pages: 37 Posted: 03 Feb 2006
Ben Hunt and Douglas Laxton
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 78 (394,468)

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Monetary policy rules, liquidity trap, potential output, uncertainty

43.

International Spillovers of Macroeconomic Shocks A Quantitative Exploration

Number of pages: 16 Posted: 15 Feb 2006
Douglas Laxton and Eswar S. Prasad
International Monetary Fund (IMF) - Research Department and Cornell University - Dyson School of Applied Economics and Management
Downloads 76 (400,329)

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Macroeconomic shocks international spillovers nominal interest rate floor macroeconometric simulations

44.

Simple Monetary Policy Rules Under Model Uncertainty

Number of pages: 60 Posted: 14 Feb 2006
Peter Isard, Douglas Laxton and Ann-Charlotte Eliasson
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department and Deutsche Bank Research
Downloads 69 (422,126)

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monetary policy rules, NAIRU uncertainty, macroeconomic models

45.

Capacity Constraints, Inflation and the Transmission Mechanism: Forward-Looking Versus Myopic Policy Rules

Number of pages: 42 Posted: 15 Feb 2006
Douglas Laxton
International Monetary Fund (IMF) - Research Department
Downloads 66 (432,052)

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46.

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

Number of pages: 41 Posted: 30 Jan 2006
Peter Isard, Douglas Laxton and Ann-Charlotte Eliasson
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department and Deutsche Bank Research
Downloads 66 (432,052)
Citation 1

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inflation targeting, monetary policy rules, credibility, NAIRU uncertainty

47.

Liberating Supply: Fiscal Policy and Technological Innovation in a Multicountry Model

Number of pages: 26 Posted: 15 Feb 2006
Tamim Bayoumi, David T. Coe and Douglas Laxton
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 65 (435,476)

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Technological Progress, R&D, Econometric Models

48.

Estimates of Potential Output and the Neutral Rate for the U.S. Economy

Number of pages: 32 Posted: 01 Aug 2018
International Monetary Fund (IMF), International Monetary Fund (IMF), Independent, International Monetary Fund (IMF), International Monetary Fund (IMF), Independent, University of Oxford - Department of Sociology, Independent, Central Bank of Armenia, Independent, Independent, Independent, Independent, Independent, International Monetary Fund (IMF) - Research Department, Independent, Independent, Independent, Independent, CBA, Nizhny Novgorod State Technical University, Independent, Independent, Independent, Independent, Independent, Independent, Independent and International Monetary Fund (IMF)
Downloads 63 (442,392)

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United States, Western Hemisphere, Potential output, Macroeconomic Modeling, Neutral Rate, Model Construction and Estimation, Monetary Policy (Targets, Instruments, and Effects)

49.

Morocco: A Practical Approach to Monetary Policy Analysis in a Country with Capital Controls

Number of pages: 30 Posted: 12 Mar 2018
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), Independent, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF), High Commission for the Plan of Morocco - Department of Statistics and International Monetary Fund (IMF)
Downloads 60 (453,027)

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Middle East, Monetary policy, Morocco, forecasting and simulation, model construction, Monetary Policy (Targets, Instruments, and Effects), Model Construction and Estimation

Oil Price Movements and the Global Economy: A Model-Based Assessment

NBER Working Paper No. w13792
Number of pages: 49 Posted: 13 Feb 2008 Last Revised: 09 Sep 2021
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 58 (467,610)

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Oil Price Movements and the Global Economy: A Model-Based Assessment

Number of pages: 51 Posted: 10 Jun 2008
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, Bank of Canada, International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 1 (848,733)
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DSGE models, Oil prices, World economy

51.

GPM6: The Global Projection Model with 6 Regions

Number of pages: 80 Posted: 03 May 2013
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 58 (460,602)

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Forecasting models, Real effective exchange rates, Interest rates, External shocks, Unemployment, Demand, Spillovers, World Economic Outlook, Macroeconomic Modeling, Bayesian Estimation, Monetary Policy, exchange rate, inflation, real exchange rate, real interest rate, aggregate demand, purchasing power parity, rate of inflation, inflation target, nominal interest rate, real interest rates, exchange rates, purchasing power, real effective exchange rate, nominal exchange rate, effective exchange rate, real exchange rates, exchange rate movements, purchasing power parity terms, inflation rates, inflation equation, exchange rate appreciation, real exchange rate appreciation, inflationary pressu

52.

Why is Canada's Price Level so Predictable?

Number of pages: 40 Posted: 04 Feb 2008
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 57 (464,333)
Citation 3

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Inflation targeting, Canada, Prices, Interest rates, Price stabilization

53.

Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model

Number of pages: 67 Posted: 15 Mar 2013
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, Bank of Finland - Monetary Policy and Research Department, CEPR, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and Queen's University - Department of EconomicsInternational Monetary Fund (IMF)
Downloads 56 (468,056)

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54.

Life-Cycles, Dynasties, Saving: Implications for Closed and Small, Open Economies

Number of pages: 41 Posted: 02 Feb 2006
Hamid Faruqee and Douglas Laxton
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 56 (468,056)

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Ricardian Equivalence, Government Debt, Saving

55.

A Simple Multivariate Filter for Estimating Potential Output

Number of pages: 31 Posted: 05 May 2015
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 55 (471,879)

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Potential output, Gross domestic product, Inflation, Unemployment, Econometric models, Parameter estimation, Economic theory, Macroeconomic Modeling, economy, gdp, expectations, production, output gap, equations, variables

56.

To Starve or Not to Starve the Beast?

Number of pages: 37 Posted: 01 Feb 2011
CEPR, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)International Monetary Fund (IMF)
Downloads 54 (475,745)
Citation 1

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Budget deficits, Cross country analysis, Economic models, Fiscal analysis, Fiscal policy, Government expenditures, Tax policy, Tax reductions, United States, Welfare

57.

Avoiding Dark Corners: A Robust Monetary Policy Framework for the United States

Number of pages: 48 Posted: 21 Jul 2015
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of Canada - Bank of Canada, International Monetary Fund (IMF), Banque de France - Economic Study and Research Division, International Monetary Fund (IMF) - Research Department, International Monetary Fund and International Monetary Fund (IMF)
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Monetary policy, United States, Interest rates, Monetary policy instruments, Inflation targeting, Econometric models, Optimal Control, central bank, economy, expectations, projections, phillips curve, forecasts, equilibrium, demand

58.

Banks in the Global Integrated Monetary and Fiscal Model

Number of pages: 50 Posted: 31 Aug 2015
Michal Andrle, Michael Kumhof, Douglas Laxton and Dirk Muir
International Monetary Fund (IMF), CEPR, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 48 (500,586)

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Multi-Region DSGE Models, Financial Accelerator, Macro-Financial Linkages, Macroprudential Policy

59.

Quarterly Projection Model for India: Key Elements and Properties

Number of pages: 42 Posted: 23 Mar 2017
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of India - Reserve Bank of India, International Monetary Fund (IMF), Government of India - Reserve Bank of India, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, Government of India - Reserve Bank of India, Government of India - Reserve Bank of India, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 43 (523,105)
Citation 1

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Central banks and their policies, Monetary policy, Monetary transmission mechanism, Interest rate policy, Forecasting models, Inflation targeting, India, Asia and Pacific, inflation targeting; Reserve Bank of India; inflation episodes in India; forecasting models; monetary policy models; model calibration; monetary policy rules; monetary policy simulations, Reserve Bank of India, inflation episodes in India, monetary policy models, model calibration, monetary policy rules, monetary policy simulations, Model Evaluation and Testing, Forecasting and Other Model Applications, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects), Studies of Particular Policy Episodes

60.

The Flexible System of Global Models – FSGM

Number of pages: 67 Posted: 14 Apr 2015
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and Queen's University - Department of EconomicsInternational Monetary Fund (IMF)
Downloads 42 (527,868)

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Economic theory, Demand, Prices, Commodities, Fiscal policy, Monetary policy, Group of Twenty, General equilibrium models, dynamic stochastic general equilibrium models, macroeconomic interdependence, consumption, investment, trade, potential output, aggregate demand

61.

Structural Models in Real Time

Number of pages: 36 Posted: 15 Mar 2010
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Independent, Government of New Zealand - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 42 (527,868)

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Economic forecasting, Economic indicators, Economic models, Monetary policy

62.

IT Framework Design Parameters

Number of pages: 18 Posted: 28 Apr 2009
Charles Freedman and Douglas Laxton
Government of Canada - Bank of Canada and International Monetary Fund (IMF) - Research Department
Downloads 42 (527,868)

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Information technology, Inflation targeting, Monetary policy, Inflation, Inflation rates, Central banks, Data collection, Data analysis

63.

Constructing Forecast Confidence Bands During the Financial Crisis

Number of pages: 24 Posted: 13 Oct 2009
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF), Independent and International Monetary Fund (IMF) - Research Department
Downloads 41 (532,667)

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Bank credit, Credit restraint, Economic forecasting, Economic models, European Union, Inflation targeting, Interest rates, Japan, Monetary policy, Oil prices, United States

64.

The Macroeconomic Effects of Higher Oil Prices

Number of pages: 47 Posted: 11 Aug 2009
Ben P. Hunt, Peter Isard and Douglas Laxton
affiliation not provided to SSRN, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 40 (537,575)

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Oil prices, Monetary policy, Economic models

65.

Adding Latin America to the Global Projection Model

Number of pages: 50 Posted: 28 Apr 2009
Government of Canada - Bank of Canada, Independent, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 39 (542,540)

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Economic models, Latin America, Monetary policy, Inflation targeting, Cross country analysis

66.

Adding China to the Global Projection Model

Number of pages: 34 Posted: 20 Jan 2014
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), World Bank - Africa, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 38 (547,501)

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Forecasting models, China, Monetary policy, Inflation, Exchange rate regimes, Commodity prices, Global Macroeconomic Model, spillovers, inflation target, real interest rate, inflationary pressures, inflation dynamics, reserve requirements, nominal interest rate, monetary fund, inflation process, inflation equation, money base, increase in interest rates, monetary policy reaction function, transmission of monetary policy, monetary authority, inflationary impact, inflation rates, price elasticity, monetary policy decisions, real interest rates, inflation targeting, real wages, price level, foreign exchange, increase in inflation, nominal interest rates

67.

Some Simulation Properties of the Major Euro Area Economies in Multimod

Number of pages: 31 Posted: 28 Jan 2006
Ben Hunt and Douglas Laxton
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 38 (547,501)

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Macroeconomic models, simulation properties

68.

Monetary Rules for Small, Open, Emerging Economies

NBER Working Paper No. w9568
Number of pages: 59 Posted: 20 Mar 2003 Last Revised: 25 Aug 2021
Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 36 (557,927)
Citation 5

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69.

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment

NBER Working Paper No. w10416
Number of pages: 50 Posted: 21 Apr 2004 Last Revised: 19 Dec 2021
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 35 (563,195)

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70.

Czech Magic: Implementing Inflation-Forecast Targeting at the CNB

Number of pages: 57 Posted: 23 Mar 2017
Government of Canada - Bank of Canada, Czech National Bank, Czech National Bank (CNB), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 34 (568,579)

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Inflation targeting, Czech Republic, Central banks, Monetary policy, Forecasting models, Inflation Targeting, Monetary Policy, Optimal Control

71.

Real Interest Rates and Real Exchange Rates: Evidence from Indexed Bonds

Number of pages: 13 Posted: 13 Mar 2003
Michael Bleaney and Douglas Laxton
University of Nottingham - School of Economics and International Monetary Fund (IMF) - Research Department
Downloads 33 (574,032)
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72.

Reflating Japan: Time to Get Unconventional?

Number of pages: 47 Posted: 09 Dec 2016
International Monetary Fund (IMF), International Monetary Fund (IMF) - Fiscal Affairs Department, Government of Canada - Bank of Canada, Bank of Italy, European Commission, International Monetary Fund, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 32 (579,456)
Citation 1

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Fiscal policy, Japan, Labor markets, Wages, Incomes policy, Fiscal reforms, Unconventional monetary policy instruments, Inflation targeting, Econometric models, Japan; monetary policy; fiscal policy; incomes policy; structural reforms

73.

Multivariate Filter Estimation of Potential Output for the Euro Area and the United States

Number of pages: 33 Posted: 03 Feb 2016
International Monetary Fund (IMF), International Monetary Fund (IMF), Bank of England - Monetary Analysis, Bank of England, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 32 (579,456)

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Macroeconomic Modeling, inflation, unemployment, gdp, productivity, Model Construction and Estimation, Monetary Policy (Targets, Instruments, and Effects),

74.

Inflation-Forecast Targeting for India: An Outline of the Analytical Framework

Number of pages: 38 Posted: 23 Mar 2017
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of India - Reserve Bank of India, Government of India - Reserve Bank of India, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, Government of India - Reserve Bank of India, Government of India - Reserve Bank of India, International Monetary Fund (IMF) and International Monetary Fund (IMF)
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Asia and Pacific, Disinflation, India, Inflation targeting, Forecasting models, Monetary policy, Price stabilization, Central banks and their policies, inflation targeting; Reserve Bank of India; inflation episodes in India; forecasting models; monetary policy models; model calibration; monetary policy rules; monetary policy simulations, Reserve Bank of India, inflation episodes in India, monetary policy models, model calibration, monetary policy rules, monetary policy simulations, Model Evaluation and Testing, Forecasting and Other Model Applications, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects), Studies of Particular Policy Episodes

75.

How to Improve Inflation Targeting in Canada

Number of pages: 44 Posted: 09 Dec 2016
University of California, Berkeley, Government of Canada - Bank of Canada, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 30 (591,036)

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Inflation targeting, Canada, Monetary policy, United States, United Kingdom, Central banks, Transparency, Keynesian economics, Econometric models, Canada; inflation targeting; monetary policy; fiscal policy

76.

Inflation-Forecast Targeting: Applying the Principle of Transparency

Number of pages: 57 Posted: 21 Jul 2015
Government of Canada - Bank of Canada, Government of Canada - Bank of Canada, Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 28 (603,326)

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Inflation targeting, Monetary policy, Transparency, Central banks, Economic forecasting, Econometric models, Optimal Control, interest, interest rate, economy, expectations, interest rates, deflation, trade, exchange

77.

Multivariate Filter Estimation of Potential Output for the United States

Number of pages: 26 Posted: 16 Oct 2017
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 25 (622,844)

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Potential output, Monetary policy, Economic models, United States, Macroeconomic Modeling, Model Construction and Estimation, Monetary Policy (Targets, Instruments, and Effects)

78.

Mitigating the Deadly Embrace in Financial Cycles: Countercyclical Buffers and Loan-to-Value Limits

Number of pages: 27 Posted: 09 Dec 2016
Jaromír Beneš, Douglas Laxton and Joannes Mongardini
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 23 (636,619)

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Business cycles, Credit demand, Credit booms, Household credit, Housing prices, Mortgages, Systemic risk, Macroprudential Policy, Risk management, lending booms, credit crunch, financial crisis, financial cycle, housing market, countercyclical buffers, loan-to-value limits, macroprudential policies

79.

An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank

Number of pages: 72 Posted: 16 Oct 2018
International Monetary Fund (IMF), International Monetary Fund (IMF), TED University, Czech National Bank, Czech National Bank (CNB), CBA, International Monetary Fund (IMF) - Research Department, CBA, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 21 (650,711)

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Central banks, Czech Republic, Europe, Inflation targeting, Monetary policy, Transparency, General

80.

Multivariate Filter Estimation of Potential Output for the United States: An Extension with Labor Market Hysteresis

Number of pages: 36 Posted: 08 Apr 2019
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, Independent, CBA, Independent and International Monetary Fund (IMF)
Downloads 20 (657,826)
Citation 1

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Business cycles, Unemployment, Potential output, Capacity utilization, Production growth, Macroeconomic Modeling, output gap, NAIRU, hysteresis, potential growth, Volcker

81.

Strengthening the Monetary Policy Framework in Korea

Number of pages: 29 Posted: 14 Jun 2019
Kevin Clinton, R. Craig, Douglas Laxton and Hou Wang
Government of Canada - Bank of Canada, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 16 (687,057)

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Central bank policy, Bank rates, Interest rate policy, Central banks, Monetary policy, Korea, inflation targeting, output gap, ELB, inflation target, BOK, GFC

82.

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment

Number of pages: 28 Posted: 23 May 2018
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
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Asia and Pacific, Korea, Republic of, aging; long-term fiscal sustainability; structural reforms; potential output, aging, long-term fiscal sustainability, structural reforms, potential output, Forecasting and Simulation

83.

Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing

NBER Working Paper No. w11583
Number of pages: 72 Posted: 26 Aug 2012 Last Revised: 27 Aug 2021
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 11 (726,142)
Citation 6

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