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Repmod: A Smaller Sibling for Multimod

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  • Mr. Guy M Meredith

Abstract

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.

Suggested Citation

  • Mr. Guy M Meredith, 1999. "Repmod: A Smaller Sibling for Multimod," IMF Working Papers 1999/008, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1999/008
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