Douglas Laxton

International Monetary Fund (IMF) - Research Department

700 19th Street NW

Washington, DC 20431

United States

SCHOLARLY PAPERS

78

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CITATIONS
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670

Scholarly Papers (78)

1.

The Macroeconomic Effects of Higher Oil Prices

IMF Working Paper No. 01/14
Number of pages: 47 Posted: 31 Jan 2006
Ben Hunt, Peter Isard and Douglas Laxton
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 489 (44,113)
Citation 13

Abstract:

oil price shocks, MULTIMOD, monetary policy

2.

Practical Model-Based Monetary Policy Analysis: A How-To Guide

IMF Working Paper No. 06/81
Number of pages: 69 Posted: 17 May 2006
Andrew Berg, Philippe D. Karam and Douglas Laxton
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 404 (48,919)
Citation 22

Abstract:

Monetary Policy, Forecasting and Simulation, Model construction and estimation, computation techniques

3.

A Practical Model-Based Approach to Monetary Policy Analysis - Overview

IMF Working Paper No. 06/80
Number of pages: 45 Posted: 17 May 2006
Andrew Berg, Philippe D. Karam and Douglas Laxton
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 402 (49,201)
Citation 22

Abstract:

Monetary policy, forecasting and simulation, model construction, estimation

4.

A New-Open-Economy-Macro Model for Fiscal Policy Evaluation

IMF Working Paper No. 06/45
Number of pages: 46 Posted: 23 Mar 2006
International Monetary Fund (IMF) - Fiscal Affairs Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and University of Wisconsin - Madison - Robert M. La Follette School of Public Affairs
Downloads 302 (75,927)
Citation 24

Abstract:

Finite lives, distortionary taxes, rule-of-thumb consumers, government debt

5.

Effects of Fiscal Stimulus in Structural Models

IMF Working Paper No. 10/73
Number of pages: 122 Posted: 29 Mar 2010
affiliation not provided to SSRN, Federal Reserve Board - Trade and Quantitative Studies, Government of Canada - Bank of Canada, University of Palermo, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Sveriges Riksbank - Research Division, Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO), Bank of Canada, International Monetary Fund (IMF), Bank of Canada - International Economic Analysis Department, International Monetary Fund (IMF), European Commission, DGECFIN, Queen's University - Department of Economics, Board of Governors of the Federal Reserve System and European Union - Directorate General for Economic and Financial Affairs (DG ECFIN)
Downloads 276 (72,813)
Citation 17

Abstract:

Budget deficits, Cross country analysis, Economic forecasting, Economic models, Europe, Fiscal policy, Government expenditures, Monetary policy, Public debt, Stabilization measures, Taxes, United States

6.

DSGE Modeling at the Fund: Applications and Further Developments

IMF Working Paper No. 07/200
Number of pages: 42 Posted: 28 Nov 2007
International Monetary Fund (IMF) - Fiscal Affairs Department, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and QED Solutions
Downloads 258 (84,412)
Citation 8

Abstract:

Working Paper, Fiscal policy, Economic models, Monetary policy

7.

Welfare-Based Monetary Policy Rules in an Estimated DSGE Model of the US Economy

ECB Working Paper No. 613
Number of pages: 68 Posted: 22 May 2006
Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 234 (88,414)
Citation 19

Abstract:

Competition, markups, monetary policy, Taylor rule

8.

Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States

IMF Working Paper No. 96/111
Number of pages: 38 Posted: 15 Feb 2006
Guy Debelle and Douglas Laxton
Reserve Bank of Australia and International Monetary Fund (IMF) - Research Department
Downloads 209 (107,886)
Citation 33

Abstract:

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

FRB International Finance Discussion Paper No. 803; FRB of New York Staff Report No. 182
Number of pages: 50 Posted: 30 May 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 97 (226,147)
Citation 56

Abstract:

Competition, markups, monetary policy, Taylor Rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

ECB Working Paper No. 341
Number of pages: 64 Posted: 25 Aug 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 93 (232,751)
Citation 56

Abstract:

Competition, Markups, Monetary Policy, Taylor Rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

CEPR Discussion Paper No. 4481
Number of pages: 52 Posted: 12 Aug 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 15 (485,142)
Citation 56

Abstract:

Competition, mark-ups, monetary policy, Taylor rule

10.

Why Inflation Targeting?

IMF Working Paper No. 09/86
Number of pages: 27 Posted: 28 Apr 2009
Charles Freedman and Douglas Laxton
Government of Canada - Bank of Canada and International Monetary Fund (IMF) - Research Department
Downloads 172 (111,753)
Citation 3

Abstract:

Inflation targeting, Monetary policy, Inflation, Economic models

11.

Monetary Policy Credibility and the Unemployment-Inflation Trade-Off: Some Evidence from 17 Industrial Countries

IMF Working Paper No. 02/220
Number of pages: 40 Posted: 12 Feb 2006
Douglas Laxton and Papa N'Diaye
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Asia and Pacific Department
Downloads 162 (145,592)
Citation 12

Abstract:

Phillips Curve, Unemployment, Monetary Policy, Lucas Critique

12.

A Small Quarterly Projection Model of the US Economy

IMF Working Paper No. 08/278
Number of pages: 56 Posted: 18 Dec 2008
International Monetary Fund (IMF), Bank of Russia, Government of Canada - Bank of Canada, Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), Bank of Russia and International Monetary Fund (IMF) - Research Department
Downloads 157 (144,831)
Citation 5

Abstract:

13.

Fiscal Deficits and Current Account Deficits

IMF Working Paper No. 09/237
Number of pages: 36 Posted: 02 Nov 2009
Michael Kumhof and Douglas Laxton
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 152 (153,471)
Citation 2

Abstract:

Budget deficits, Business cycles, Current account deficits, Economic models, Fiscal policy, Fiscal sustainability, Gross domestic product, Monetary policy, Private sector, Public debt, Savings

14.

Financial Crises in DSGE Models: A Prototype Model

IMF Working Paper No. 14/57
Number of pages: 60 Posted: 30 Apr 2014
Jaromir Benes, Michael Kumhof and Douglas Laxton
Czech National Bank, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 144 (92,805)
Citation 1

Abstract:

Financial crisis, Credit expansion, Bank credit, Credit risk, Banks, Loans, Macroprudential Policy, Monetary policy, Economic models, lending boom, credit crunch, financialy cycle, asset price bubble, bank capital, bank balance sheets, bank deposits, banking, capital adequacy, capital regulation, probability of default, retained earnings, bank equity, banking sector, bank borrowers, prudential regulation, present value, recapitalization, bank credit creation, bank assets, bank liabilities, return on equity, bank capital regulation, banks loans, monetary authority, banking crises, banking activities, banking supervision, capital adequacy ratio, banking system, bank earnings, financial risk, b

15.

Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits

IMF Working Paper No. 09/255
Number of pages: 41 Posted: 24 Nov 2009
International Monetary Fund (IMF), Bank of Canada, Government of Canada - Bank of Canada, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 136 (151,053)
Citation 6

Abstract:

Budget deficits, Economic models, External shocks, Financial crisis, Financial sector, Fiscal policy, Global Financial Crisis 2008-2009, Government expenditures, International financial system, Monetary policy, Productivity, Public debt

16.

Asymmetric Effects of Economic Activity on Inflation: Evidence and Policy Implications

IMF Working Paper No. 94/139
Number of pages: 48 Posted: 15 Feb 2006
Douglas Laxton and Guy Meredith
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 116 (185,813)
Citation 27

Abstract:

17.

The Future of Oil: Geology Versus Technology

IMF Working Paper No. 12/109
Number of pages: 34 Posted: 11 May 2013
International Monetary Fund (IMF), University of California, Riverside (UCR) - Department of Economics, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and affiliation not provided to SSRN
Downloads 114 (180,254)

Abstract:

Oil prices, Economic models, External shocks, Oil production, oil supply, oil demand, world oil production, higher oil prices, oil market, output growth, oil shock, world economy, aggregate demand, crude oil, conventional oil, oil and gas, fossil fuels, oil sector, oil reserves, world oil demand, oil industry, world growth, oil shale, oil production forecasts, world output, ecological economics, global supply, price fluctuations, oil recovery, dynamic effects, crude oil market, income elasticities, increased oil prices, oil producers, global oil production, oil price fluctuations, million barrels, energy information administration, oil markets, nonrenewable resources, oil price changes, opec

18.

A Party Without a Hangover? On the Effects of U.S. Government Deficits

IMF Working Paper No. 07/202
Number of pages: 40 Posted: 28 Nov 2007
Michael Kumhof and Douglas Laxton
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 114 (184,658)
Citation 20

Abstract:

Budget deficits, United States, Working Paper, Taxes, Public debt, Economic models

19.

Phillips Curves, Phillips Lines and the Unemployment Costs of Overheating

IMF Working Paper No. 97/17
Number of pages: 50 Posted: 15 Feb 2006
Peter B. Clark and Douglas Laxton
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 112 (197,885)
Citation 8

Abstract:

Phillips curve, Unemployment, Monetary Policy

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

FRB of New York Staff Report No. 268
Number of pages: 59 Posted: 06 Dec 2006
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 78 (260,232)
Citation 6

Abstract:

current account deficit, multicountry dynamic general equilibrium models, trade policy

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

NBER Working Paper No. w12704
Number of pages: 59 Posted: 20 Nov 2006
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 20 (456,300)
Citation 6

Abstract:

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

CEPR Discussion Paper No. 5993
Number of pages: 61 Posted: 20 Mar 2007
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 13 (496,670)
Citation 6

Abstract:

Current account deficit, multi-country DGE models, net asset positions, trade policy

21.

Inflation Targeting Under Imperfect Policy Credibility

IMF Working Paper No. 09/94
Number of pages: 32 Posted: 03 May 2009
International Monetary Fund (IMF), International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of Canada - Bank of Canada, Independent, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 99 (204,415)
Citation 6

Abstract:

Inflation targeting, Emerging markets, Monetary policy, Disinflation, Demand, Price increases, Economic models

22.

Government Debt, Life-Cycle Income and Liquidity Constraints: Beyond Approximate Ricardian Equivalence

IMF Working Paper No. 96/140
Number of pages: 30 Posted: 15 Feb 2006
Hamid Faruqee, Douglas Laxton and Steven Symansky
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Fiscal Affairs Department
Downloads 96 (212,740)
Citation 14

Abstract:

Ricardian Equivalence, Crowding Out, Real Interest Rates, Government Debt

23.

A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices

IMF Working Paper No. 08/280
Number of pages: 76 Posted: 18 Dec 2008
International Monetary Fund (IMF), Bank of Russia, Government of Canada - Bank of Canada, Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), Bank of Russia, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 95 (209,919)
Citation 7

Abstract:

Working Paper

24.

Simple, Implementable Fiscal Policy Rules

IMF Working Paper No. 09/76
Number of pages: 43 Posted: 28 Apr 2009
Michael Kumhof and Douglas Laxton
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 90 (221,675)
Citation 1

Abstract:

Fiscal policy, Business cycles, Revenues, Monetary policy, External shocks, Commodity prices, Copper, Manufacturing, Economic stabilization, Economic models

25.

Financial Crises in DSGE Models: Selected Applications of MAPMOD

IMF Working Paper No. 14/56
Number of pages: 56 Posted: 30 Apr 2014
Jaromir Benes, Michael Kumhof and Douglas Laxton
Czech National Bank, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 89 (189,276)
Citation 1

Abstract:

Financial crisis, Credit expansion, Banks, Loans, Credit risk, Macroprudential Policy, Economic models, lending boom, credit crunch, financial cycle, asset price bubble, capital adequacy, capital adequacy ratio, capital adequacy ratios, capital inflow, capital stock, bank balance sheets, banking, real appreciation, capital markets, international capital markets, bank capital, banking system, bank credit, foreign capital, bank deposits, bank equity, bank borrowers, bank agents, inflation rate, exogenous shocks, capital adjustment, banking markets, banks balance sheets, credit rationing, stock market, domestic borrowers, foreign asset, capital accumulation, hedging

26.

A Small Quarterly Multi-Country Projection Model

IMF Working Paper No. 08/279
Number of pages: 61 Posted: 18 Dec 2008
International Monetary Fund (IMF), Bank of Russia, Government of Canada - Bank of Canada, Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), Bank of Russia, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 89 (232,719)
Citation 7

Abstract:

Working Paper

27.

Monetary Transmission in an Emerging Targeter: The Case of Brazil

IMF Working Paper No. 08/191
Number of pages: 44 Posted: 12 Sep 2008
A. R. Pagan, Luis Catão and Douglas Laxton
Queensland University, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 85 (211,323)
Citation 1

Abstract:

Brazil, Monetary policy, Inflation targeting, Emerging markets, Bank credit, Interest rates, Developed countries, Economic models, Disinflation

28.

The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure

IMF Working Paper No. 10/34
Number of pages: 74 Posted: 22 Feb 2010
International Monetary Fund (IMF), Bank of Canada, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 80 (190,468)
Citation 5

Abstract:

29.

Asymmetry in the U.S. Output-Inflation Nexus: Issues and Evidence

IMF Working Paper No. 95/76
Number of pages: 52 Posted: 15 Feb 2006
Douglas Laxton
International Monetary Fund (IMF) - Research Department
Downloads 77 (242,946)

Abstract:

30.

Estimating Potential Output with a Multivariate Filter

IMF Working Paper No. 10/285
Number of pages: 38 Posted: 01 Feb 2011
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF), Independent, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and Government of New Zealand - Department of Economics
Downloads 75 (194,171)
Citation 3

Abstract:

Cross country analysis, Economic growth, Economic models, Financial crisis, Fiscal policy, Global Financial Crisis 2008-2009, Industrial production, Inflation, Monetary policy, Unemployment

31.

A Robust and Efficient Method for Solving Nonlinear Rational Expectations Models

IMF Working Paper No. 96/106
Number of pages: 30 Posted: 15 Feb 2006
Douglas Laxton
International Monetary Fund (IMF) - Research Department
Downloads 74 (244,726)

Abstract:

32.

Possible Effects of European Monetary Union on Switzerland: A Case Study of Policy Dilemmas Caused by Low Inflation and the Nominal Interest Rate Floor

IMF Working Paper No. 97/23
Number of pages: 33 Posted: 15 Feb 2006
Douglas Laxton and Eswar S. Prasad
International Monetary Fund (IMF) - Research Department and Cornell University - Dyson School of Applied Economics and Management
Downloads 73 (252,140)
Citation 4

Abstract:

EMU, monetary policy, nonlinearities, policy simulations

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

FRB of New York Staff Report No. 267
Number of pages: 37 Posted: 06 Dec 2006
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 39 (366,509)
Citation 3

Abstract:

deflation, monetary policy rules, zero interest rate floor

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

NBER Working Paper No. w12703
Number of pages: 37 Posted: 20 Nov 2006
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 21 (450,517)
Citation 3

Abstract:

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

CEPR Discussion Paper No. 5997
Number of pages: 39 Posted: 23 Mar 2007
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 11 (508,275)
Citation 3

Abstract:

Deflation, monetary policy rules, zero interest rate floor

34.

The Zero Interest Rate Floor (ZIF) and its Implications for Monetary Policy in Japan

IMF Working Paper No. 01/186
Number of pages: 37 Posted: 03 Feb 2006
Ben Hunt and Douglas Laxton
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 69 (270,247)
Citation 7

Abstract:

Monetary policy rules, liquidity trap, potential output, uncertainty

35.

Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT)

IMF Working Paper No. 09/65
Number of pages: 67 Posted: 29 Mar 2009
Douglas Laxton, David Rose and Alasdair M. Scott
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 65 (278,930)
Citation 8

Abstract:

Inflation, Forecasting models, Data analysis, Databases, Monetary policy, Central banks, Human capital

36.

Endogenous Monetary Policy Credibility in a Small Macro Model of Israel

IMF Working Paper No. 07/207
Number of pages: 35 Posted: 14 Sep 2007
Bank of Israel - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and QED Solutions
Downloads 63 (257,832)
Citation 9

Abstract:

Monetary policy, Israel, Inflation targeting, Economic models, Working Paper

37.

Capacity Constraints, Inflation and the Transmission Mechanism: Forward-Looking Versus Myopic Policy Rules

IMF Working Paper No. 95/75
Number of pages: 42 Posted: 15 Feb 2006
Douglas Laxton
International Monetary Fund (IMF) - Research Department
Downloads 61 (295,216)
Citation 1

Abstract:

38.

International Spillovers of Macroeconomic Shocks A Quantitative Exploration

IMF Working Paper No. 00/101
Number of pages: 16 Posted: 15 Feb 2006
Douglas Laxton and Eswar S. Prasad
International Monetary Fund (IMF) - Research Department and Cornell University - Dyson School of Applied Economics and Management
Downloads 61 (285,726)
Citation 2

Abstract:

Macroeconomic shocks international spillovers nominal interest rate floor macroeconometric simulations

39.

Simple Monetary Policy Rules Under Model Uncertainty

IMF Working Paper No. 99/75
Number of pages: 60 Posted: 14 Feb 2006
Peter Isard, Douglas Laxton and Ann-Charlotte Eliasson
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department and Deutsche Bank Research
Downloads 60 (288,069)
Citation 15

Abstract:

monetary policy rules, NAIRU uncertainty, macroeconomic models

40.

Budget Consolidation: Short-Term Pain and Long-Term Gain

IMF Working Paper No. 10/163
Number of pages: 34 Posted: 19 Jul 2010
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 59 (281,153)
Citation 2

Abstract:

Oil Price Movements and the Global Economy: A Model-Based Assessment

NBER Working Paper No. w13792
Number of pages: 49 Posted: 13 Feb 2008
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 52 (323,844)
Citation 5

Abstract:

Oil Price Movements and the Global Economy: A Model-Based Assessment

IMF Staff Papers, Vol. 55, Issue 2, pp. 297-311, 2008
Number of pages: 15 Posted: 18 Oct 2010
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 3 (550,281)
Citation 5

Abstract:

Oil Price Movements and the Global Economy: A Model-Based Assessment

CEPR Discussion Paper No. DP6700
Number of pages: 51 Posted: 10 Jun 2008
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, Bank of Canada, International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 1 (568,207)
Citation 5

Abstract:

DSGE models, Oil prices, World economy

42.

Liberating Supply: Fiscal Policy and Technological Innovation in a Multicountry Model

IMF Working Paper No. 98/95
Number of pages: 26 Posted: 15 Feb 2006
Tamim Bayoumi, David T. Coe and Douglas Laxton
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 56 (292,778)

Abstract:

Technological Progress, R&D, Econometric Models

43.

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

IMF Working Paper No. 01/7
Number of pages: 41 Posted: 30 Jan 2006
Peter Isard, Douglas Laxton and Ann-Charlotte Eliasson
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department and Deutsche Bank Research
Downloads 55 (295,216)
Citation 13

Abstract:

inflation targeting, monetary policy rules, credibility, NAIRU uncertainty

44.

Why is Canada's Price Level so Predictable?

IMF Working Paper No. 08/25
Number of pages: 40 Posted: 04 Feb 2008
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 50 (316,049)
Citation 4

Abstract:

Inflation targeting, Canada, Prices, Interest rates, Price stabilization

45.

To Starve or Not to Starve the Beast?

IMF Working Paper No. 10/199
Number of pages: 37 Posted: 01 Feb 2011
Michael Kumhof, Douglas Laxton and Daniel Leigh
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 47 (321,799)
Citation 1

Abstract:

Budget deficits, Cross country analysis, Economic models, Fiscal analysis, Fiscal policy, Government expenditures, Tax policy, Tax reductions, United States, Welfare

46.

Chile's Structural Fiscal Surplus Rule: A Model-Based Evaluation

IMF Working Paper No. 09/88
Number of pages: 56 Posted: 28 Apr 2009
Michael Kumhof and Douglas Laxton
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 47 (268,130)
Citation 9

Abstract:

Fiscal policy, Chile, Current account surpluses, Business cycles, Copper, Economic models

47.

A Model for Full-Fledged Inflation Targeting and Application to Ghana

IMF Working Paper No. 10/25
Number of pages: 31 Posted: 15 Feb 2010
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 43 (316,049)
Citation 1

Abstract:

Central banks, Disinflation, Economic models, External shocks, Ghana, Inflation rates, Inflation targeting, Low-income developing countries, Monetary policy, Public information, Transparency

48.

Inflation Targeting Pillars: Transparency and Accountability

IMF Working Paper No. 09/262
Number of pages: 20 Posted: 08 Dec 2009
Charles Freedman and Douglas Laxton
Government of Canada - Bank of Canada and International Monetary Fund (IMF) - Research Department
Downloads 42 (330,672)

Abstract:

Central bank policy, Central banks, Inflation, Inflation targeting, Monetary policy, Transparency

49.

Constructing Forecast Confidence Bands During the Financial Crisis

IMF Working Paper No. 09/214
Number of pages: 24 Posted: 13 Oct 2009
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF), Independent and International Monetary Fund (IMF) - Research Department
Downloads 36 (362,543)

Abstract:

Bank credit, Credit restraint, Economic forecasting, Economic models, European Union, Inflation targeting, Interest rates, Japan, Monetary policy, Oil prices, United States

50.

Life-Cycles, Dynasties, Saving: Implications for Closed and Small, Open Economies

IMF Working Paper No. 00/126
Number of pages: 41 Posted: 02 Feb 2006
Hamid Faruqee and Douglas Laxton
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 35 (333,590)
Citation 8

Abstract:

Ricardian Equivalence, Government Debt, Saving

51.

The Macroeconomic Effects of Higher Oil Prices

IMF Working Paper No. 01/14
Number of pages: 47 Posted: 11 Aug 2009
Ben P. Hunt, Peter Isard and Douglas Laxton
affiliation not provided to SSRN, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 32 (377,047)
Citation 13

Abstract:

Oil prices, Monetary policy, Economic models

52.

Real Interest Rates and Real Exchange Rates: Evidence from Indexed Bonds

The Manchester School, Vol. 71, pp. 65-77, 2003
Number of pages: 13 Posted: 13 Mar 2003
Michael Bleaney and Douglas Laxton
University of Nottingham - School of Economics and International Monetary Fund (IMF) - Research Department
Downloads 32 (384,769)
Citation 1

Abstract:

53.

Some Simulation Properties of the Major Euro Area Economies in MULTIMOD

IMF Working Paper No. 03/31
Number of pages: 31 Posted: 28 Jan 2006
Ben Hunt and Douglas Laxton
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 31 (377,047)
Citation 1

Abstract:

Macroeconomic models, simulation properties

54.

IT Framework Design Parameters

IMF Working Paper No. 09/87
Number of pages: 18 Posted: 28 Apr 2009
Charles Freedman and Douglas Laxton
Government of Canada - Bank of Canada and International Monetary Fund (IMF) - Research Department
Downloads 29 (384,769)
Citation 1

Abstract:

Information technology, Inflation targeting, Monetary policy, Inflation, Inflation rates, Central banks, Data collection, Data analysis

55.

The Benefits of International Policy Coordination Revisited

IMF Working Paper No. 13/262
Number of pages: 54 Posted: 09 Jan 2014
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 27 (345,947)

Abstract:

Fiscal policy, Macroprudential Policy, Monetary policy, Stabilization measures, International cooperation, Economic models, International Policy Coordination, International Spillovers, Nonlinearities, Fiscal Multipliers, Macrofinancial Linkages, Prudential Regulation, inflation, real interest rates, nominal interest rates, monetary economics, terms of trade, foreign currency, real value, aggregate demand, terms of trade shock, foreign exchange, real output, financial stability, increase in inflation, price level, nominal rate of return, relative price, inflationary pressures, inflation objective, rate of inflation, inflation targeting

56.

Structural Models in Real Time

IMF Working Paper No. 10/56
Number of pages: 36 Posted: 15 Mar 2010
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Independent, Government of New Zealand - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 26 (377,047)

Abstract:

Economic forecasting, Economic indicators, Economic models, Monetary policy

57.

Adding Latin America to the Global Projection Model

IMF Working Paper No. 09/85
Number of pages: 50 Posted: 28 Apr 2009
Government of Canada - Bank of Canada, Tuck School of Business at Dartmouth, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 25 (401,654)

Abstract:

Economic models, Latin America, Monetary policy, Inflation targeting, Cross country analysis

58.

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment

NBER Working Paper No. w10416
Number of pages: 50 Posted: 21 Apr 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 25 (401,654)
Citation 53

Abstract:

59.

Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model

IMF Working Paper No. 13/55
Number of pages: 67 Posted: 15 Mar 2013
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, Bank of Finland - Monetary Policy and Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and Queen's University - Department of Economics
Downloads 24 (380,829)

Abstract:

60.

Monetary Rules for Small, Open, Emerging Economies

NBER Working Paper No. w9568
Number of pages: 59 Posted: 20 Mar 2003
Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 24 (401,654)
Citation 78

Abstract:

61.

GPM6: The Global Projection Model with 6 Regions

IMF Working Paper No. 13/87
Number of pages: 80 Posted: 03 May 2013
International Monetary Fund (IMF), Government of Canada - Bank of Canada, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 22 (384,769)
Citation 1

Abstract:

Forecasting models, Real effective exchange rates, Interest rates, External shocks, Unemployment, Demand, Spillovers, World Economic Outlook, Macroeconomic Modeling, Bayesian Estimation, Monetary Policy, exchange rate, inflation, real exchange rate, real interest rate, aggregate demand, purchasing power parity, rate of inflation, inflation target, nominal interest rate, real interest rates, exchange rates, purchasing power, real effective exchange rate, nominal exchange rate, effective exchange rate, real exchange rates, exchange rate movements, purchasing power parity terms, inflation rates, inflation equation, exchange rate appreciation, real exchange rate appreciation, inflationary pressu

62.

A Simple Multivariate Filter for Estimating Potential Output

IMF Working Paper No. 15/79
Number of pages: 31 Posted: 05 May 2015
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 21 (362,543)
Citation 34

Abstract:

Potential output, Gross domestic product, Inflation, Unemployment, Econometric models, Parameter estimation, Economic theory, Macroeconomic Modeling, economy, gdp, expectations, production, output gap, equations, variables

63.

Adding China to the Global Projection Model

IMF Working Paper No. 13/256
Number of pages: 34 Posted: 20 Jan 2014
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), World Bank - Africa Region, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 21 (384,769)

Abstract:

Forecasting models, China, Monetary policy, Inflation, Exchange rate regimes, Commodity prices, Global Macroeconomic Model, spillovers, inflation target, real interest rate, inflationary pressures, inflation dynamics, reserve requirements, nominal interest rate, monetary fund, inflation process, inflation equation, money base, increase in interest rates, monetary policy reaction function, transmission of monetary policy, monetary authority, inflationary impact, inflation rates, price elasticity, monetary policy decisions, real interest rates, inflation targeting, real wages, price level, foreign exchange, increase in inflation, nominal interest rates

64.

Avoiding Dark Corners: A Robust Monetary Policy Framework for the United States

IMF Working Paper No. 15/134
Number of pages: 48 Posted: 21 Jul 2015
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of Canada - Bank of Canada, International Monetary Fund (IMF), Banque de France - Economic Study and Research Division, International Monetary Fund (IMF) - Research Department, International Monetary Fund and International Monetary Fund (IMF)
Downloads 19 (355,743)

Abstract:

Monetary policy, United States, Interest rates, Monetary policy instruments, Inflation targeting, Econometric models, Optimal Control, central bank, economy, expectations, projections, phillips curve, forecasts, equilibrium, demand

65.

The Flexible System of Global Models – FSGM

IMF Working Paper No. 15/64
Number of pages: 67 Posted: 14 Apr 2015
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and Queen's University - Department of Economics
Downloads 18 (380,829)

Abstract:

Economic theory, Demand, Prices, Commodities, Fiscal policy, Monetary policy, Group of Twenty, General equilibrium models, dynamic stochastic general equilibrium models, macroeconomic interdependence, consumption, investment, trade, potential output, aggregate demand

66.

Banks in the Global Integrated Monetary and Fiscal Model

IMF Working Paper No. 15/150
Number of pages: 50 Posted: 31 Aug 2015
Michal Andrle, Michael Kumhof, Douglas Laxton and Dirk Muir
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 17 (362,543)
Citation 4

Abstract:

Multi-Region DSGE Models, Financial Accelerator, Macro-Financial Linkages, Macroprudential Policy

67.

Inflation-Forecast Targeting: Applying the Principle of Transparency

IMF Working Paper No. 15/132
Number of pages: 57 Posted: 21 Jul 2015
Government of Canada - Bank of Canada, Government of Canada - Bank of Canada, Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 10 (456,802)

Abstract:

Inflation targeting, Monetary policy, Transparency, Central banks, Economic forecasting, Econometric models, Optimal Control, interest, interest rate, economy, expectations, interest rates, deflation, trade, exchange

68.

Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing

NBER Working Paper No. w11583
Number of pages: 72 Posted: 26 Aug 2012
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 7 (506,999)
Citation 36

Abstract:

69.

Getting to Know the Global Economy Model and its Philosophy

IMF Staff Papers, Vol. 55, Issue 2, pp. 213-242, 2008
Number of pages: 30 Posted: 18 Oct 2010
Douglas Laxton
International Monetary Fund (IMF) - Research Department
Downloads 1 (540,136)
Citation 5

Abstract:

70.

The Macroeconomic Costs and Benefits of Adopting the Euro

IMF Staff Papers, Vol. 55, Issue 2, pp. 339-355, 2008
Number of pages: 17 Posted: 18 Oct 2010
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 1 (540,136)
Citation 1

Abstract:

71.

Czech Magic: Implementing Inflation-Forecast Targeting at the CNB

IMF Working Paper No. 17/21
Number of pages: 57 Posted: 23 Mar 2017
Government of Canada - Bank of Canada, Czech National Bank, Czech National Bank (CNB), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 0 (420,602)

Abstract:

Inflation targeting, Czech Republic, Central banks, Monetary policy, Forecasting models, Inflation Targeting, Monetary Policy, Optimal Control

72.

Oil Prices and the Global Economy

IMF Working Paper No. 17/15
Number of pages: 31 Posted: 23 Mar 2017
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), CBA, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (223,163)

Abstract:

Oil prices, Oil sector, Supply and demand, Oil production, Econometric models, Oil market; macroeconomic model; depletion; consumption efficiency; technology; cycle.

73.

Quarterly Projection Model for India: Key Elements and Properties

IMF Working Paper No. 17/33
Number of pages: 42 Posted: 23 Mar 2017
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of India - Reserve Bank of India, International Monetary Fund (IMF), Government of India - Reserve Bank of India, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, Government of India - Reserve Bank of India, Government of India - Reserve Bank of India, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (451,613)

Abstract:

Central banks and their policies, Monetary policy, Monetary transmission mechanism, Interest rate policy, Forecasting models, Inflation targeting, India, Asia and Pacific, inflation targeting; Reserve Bank of India; inflation episodes in India; forecasting models; monetary policy models; model calibration; monetary policy rules; monetary policy simulations, Reserve Bank of India, inflation episodes in India, monetary policy models, model calibration, monetary policy rules, monetary policy simulations, Model Evaluation and Testing, Forecasting and Other Model Applications, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects), Studies of Particular Policy Episodes

74.

Inflation-Forecast Targeting for India: An Outline of the Analytical Framework

IMF Working Paper No. 17/32
Number of pages: 38 Posted: 23 Mar 2017
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of India - Reserve Bank of India, Government of India - Reserve Bank of India, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, Government of India - Reserve Bank of India, Government of India - Reserve Bank of India, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (461,859)

Abstract:

Asia and Pacific, Disinflation, India, Inflation targeting, Forecasting models, Monetary policy, Price stabilization, Central banks and their policies, inflation targeting; Reserve Bank of India; inflation episodes in India; forecasting models; monetary policy models; model calibration; monetary policy rules; monetary policy simulations, Reserve Bank of India, inflation episodes in India, monetary policy models, model calibration, monetary policy rules, monetary policy simulations, Model Evaluation and Testing, Forecasting and Other Model Applications, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects), Studies of Particular Policy Episodes

75.

How to Improve Inflation Targeting in Canada

IMF Working Paper No. 16/192
Number of pages: 44 Posted: 09 Dec 2016
University of California, Berkeley - Department of Economics, Government of Canada - Bank of Canada, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (446,462)

Abstract:

Inflation targeting, Canada, Monetary policy, United States, United Kingdom, Central banks, Transparency, Keynesian economics, Econometric models, Canada; inflation targeting; monetary policy; fiscal policy

76.

Reflating Japan: Time to Get Unconventional?

IMF Working Paper No. 16/157
Number of pages: 47 Posted: 09 Dec 2016
International Monetary Fund (IMF), International Monetary Fund (IMF) - Fiscal Affairs Department, Government of Canada - Bank of Canada, Bank of Italy, European Commission, International Monetary Fund, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (415,666)

Abstract:

Fiscal policy, Japan, Labor markets, Wages, Incomes policy, Fiscal reforms, Unconventional monetary policy instruments, Inflation targeting, Econometric models, Japan; monetary policy; fiscal policy; incomes policy; structural reforms

77.

Mitigating the Deadly Embrace in Financial Cycles: Countercyclical Buffers and Loan-to-Value Limits

IMF Working Paper No. 16/87
Number of pages: 27 Posted: 09 Dec 2016
Jaromír Beneš, Douglas Laxton and Joannes Mongardini
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 0 (467,022)

Abstract:

Business cycles, Credit demand, Credit booms, Household credit, Housing prices, Mortgages, Systemic risk, Macroprudential Policy, Risk management, lending booms, credit crunch, financial crisis, financial cycle, housing market, countercyclical buffers, loan-to-value limits, macroprudential policies

78.

Multivariate Filter Estimation of Potential Output for the Euro Area and the United States

IMF Working Paper No. 15/253
Number of pages: 33 Posted: 03 Feb 2016
International Monetary Fund (IMF), International Monetary Fund (IMF), Bank of England - Monetary Analysis, Bank of England, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (410,930)

Abstract:

Macroeconomic Modeling, inflation, unemployment, gdp, productivity, Model Construction and Estimation, Monetary Policy (Targets, Instruments, and Effects),