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The Bank of Canada's version of the global economy model (BoC-GEM)

Author: René Lalonde; Bank of Canada.
Publisher: Ottawa : Bank of Canada, 2007.
Series: Technical report (Bank of Canada), no. 98.
Edition/Format:   Print book : National government publication : EnglishView all editions and formats
Summary:
"The Bank of Canada's version of the Global Economy Model (BoC-GEM) is derived from the model created at the International Monetary Fund by Douglas Laxton (IMF) and Paolo Presenti (Federal Reserve Bank of New York and National Bureau of Economic Research). The GEM is a dynamic, stochastic general-equilibrium model based on an optimizing representative-agent framework with balanced growth, and some additional  Read more...
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Details

Material Type: Government publication, National government publication
Document Type: Book
All Authors / Contributors: René Lalonde; Bank of Canada.
OCLC Number: 178978594
Language Note: Includes abstract in French.
Notes: Distributed by the Government of Canada Depository Services Program.
"September 2007."
Description: vi, 113 pages : illustrations (some color) ; 28 cm.
Series Title: Technical report (Bank of Canada), no. 98.
Responsibility: René Lalonde and Dirk Muir.

Abstract:

"The Bank of Canada's version of the Global Economy Model (BoC-GEM) is derived from the model created at the International Monetary Fund by Douglas Laxton (IMF) and Paolo Presenti (Federal Reserve Bank of New York and National Bureau of Economic Research). The GEM is a dynamic, stochastic general-equilibrium model based on an optimizing representative-agent framework with balanced growth, and some additional features to help mimic the overlapping-generations' class of models. Moreover, there is a concrete role for fiscal policy ..."--Page v.

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