Listing 1 - 2 of 2 |
Sort by
|
Choose an application
The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on the G-20, the euro area, and emerging market economies, this paper outlines the theory under-pinning the model, and illustrates its macroeconomic properties by presenting its responses under a wide range of experiments, including monetary, financial, demand, supply, fiscal and international shocks.
Econometrics. --- Monetary policy--Econometric models. --- Fiscal policy--Econometric models. --- Economics, Mathematical --- Statistics --- Exports and Imports --- Inflation --- Macroeconomics --- General Aggregative Models: Keynes --- Keynesian --- Post-Keynesian --- General Aggregative Models: Forecasting and Simulation --- Monetary Policy --- Fiscal Policy --- Open Economy Macroeconomics --- Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation --- Trade: General --- Macroeconomics: Consumption --- Saving --- Wealth --- Price Level --- Deflation --- Energy: Demand and Supply --- Prices --- International economics --- Consumption --- Oil prices --- Exports --- Imports --- National accounts --- International trade --- Economics --- United States --- Monetary policy --- Fiscal policy --- Econometric models.
Choose an application
What is the impact of economic spillovers from China on sub-Saharan Africa (SSA)? This is an increasingly important question because of China’s growing economic role as a partner of SSA countriesfor both trade and the buildup of infrastructure in the region. The impact of spillovers from China has been an open question because of the challenge to use an internally consistent framework with solid economic foundations that accounts for both the direct impact China may have on individual countries in SSA through a variety of channels (trade, investment, financial) as well as the impact on the region through the global economy (economic activity and commodity prices). This paper explores those channels of transmission and provides illustrative order of magnitude for the short- and medium-term economic impact by using AFRMOD, a module of the Flexible System of Global Models (FSGM), a multicountry general equilibrium model developed at the IMF. Three alternative scenarios are considered: first, lower potential output in China that is originally misperceived as a temporary cyclical slowdown; second, structural reforms in China that aim to increase potential output; and third, a relocation of low-end manufacturing to sub-Saharan Africa.
Investments: Commodities --- Exports and Imports --- Macroeconomics --- Production and Operations Management --- General Aggregative Models: Keynes --- Keynesian --- Post-Keynesian --- General Aggregative Models: Forecasting and Simulation --- Monetary Policy --- Open Economy Macroeconomics --- Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation --- Globalization: Macroeconomic Impacts --- Commodity Markets --- Trade: General --- Macroeconomics: Production --- International economics --- Investment & securities --- Commodities --- Exports --- Potential output --- Commodity prices --- Imports --- International trade --- Production --- Prices --- Commercial products --- Economic theory --- China, People's Republic of
Listing 1 - 2 of 2 |
Sort by
|