Journal Article
Policy applications of a global macroeconomic model
Abstract: In this Economic Letter, we summarize the key components of the GVAR model and discuss its usefulness for monetary policy applications and for credit risk management issues faced by financial institutions and their government supervisors. We argue that while the GVAR model is probably useful for credit risk management and could potentially have some use for bank supervision, it is unlikely to be as useful for monetary policy applications.
Keywords: Macroeconomics; Monetary policy; Economic policy;
Access Documents
File(s): File format is text/html http://www.frbsf.org/publications/economics/letter/2004/el2004-14.html
File(s): File format is application/pdf http://www.frbsf.org/publications/economics/letter/2004/el2004-14.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2004
Order Number: 14