Author Description

This Paper Describes A Small Macroeconomic Model Based On A Representative Industrial-country Block Of Multimod, The Imf’s Multi-country Simulation Model. Repmod Is Designed To Provide A More Flexible And Accessible Tool For Analysis By Individual Country Desks Than The Full Version Of Multimod. It Also Allows The Construction Of Model-consistent Baseline Paths, In Addition To Conventional Shock-minus-control Experiments. After Discussing The Model’s General Structure And Properties, Some Distinctive Aspects Are Illustrated Via Simulations That Explore The Implications Of Japan’s Liquidity Trap. Guy Meredith. Bibliographic Level Mode Of Issuance: Monograph English