Estimated Model with Macrofinancial Linkages for India.
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TextSeries: IMF Working PapersPublisher: Washington DC : International Monetary Fund, 2010Copyright date: ©2010Description: 1 online resource (46 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781452702629Subject(s): Banks and banking, Central -- Econometric models | Banks and banking, Central -- India -- Econometric models | Monetary policy -- Econometric models | Monetary policy -- India -- Econometric modelsGenre/Form: Electronic books.Additional physical formats: Print version:: Estimated Model with Macrofinancial Linkages for IndiaDDC classification: 332.4954 LOC classification: HG1235 -- .A536 2010ebOnline resources: Click to View Summary: This paper develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of financial frictions in the amplification and propagation of the effects of transitory shocks. We use Bayesian estimation techniques to estimate the model using India data. The model is used to assess the importance of the financial accelerator in India and the optimality of monetary policy.
This paper develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of financial frictions in the amplification and propagation of the effects of transitory shocks. We use Bayesian estimation techniques to estimate the model using India data. The model is used to assess the importance of the financial accelerator in India and the optimality of monetary policy.
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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