TY - BOOK ID - 11954661 TI - An Estimated Model with Macrofinancial Linkages for India AU - Saxegaard, Magnus. AU - Anand, Rahul. AU - Peiris, Shanaka. PY - 2010 VL - WP/10/21 SN - 1451918690 1282845292 9786612845291 1452702624 1451962320 1462353738 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance KW - Business & Economics KW - Money KW - Monetary policy KW - Banks and banking, Central KW - Econometric models. KW - Banker's banks KW - Banks, Central KW - Central banking KW - Central banks KW - Monetary management KW - Banks and banking KW - Economic policy KW - Currency boards KW - Money supply KW - Foreign Exchange KW - Inflation KW - Investments: General KW - Labor KW - Macroeconomics KW - Monetary Policy KW - Central Banks and Their Policies KW - Policy Objectives KW - Policy Designs and Consistency KW - Policy Coordination KW - Labor Demand KW - Price Level KW - Deflation KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Investment KW - Capital KW - Intangible Capital KW - Capacity KW - Labour KW - income economics KW - Currency KW - Foreign exchange KW - Self-employment KW - Exchange rates KW - Consumption KW - Depreciation KW - Prices KW - National accounts KW - Self-employed KW - Economics KW - Saving and investment KW - India KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:11954661 AB - 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. ER -