Monetary and Fiscal Policy Options for Dealing with External Shocks - Insights from the GIMF for Colombia /

This paper utilizes an open-economy New Keynesian overlapping generations model, the Global Integrated Monetary and Fiscal Model (GIMF), to assess the macroeconomic effects of external shocks and the impact of various monetary and fiscal policy responses. The simulations assess the effect of shocks...

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Bibliographic Details
Main Author: Flores, Enrique
Other Authors: Clements, Benedict, Leigh, Daniel
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009
Series:IMF Working Papers; Working Paper ; No. 2009/059
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