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The Flexible System of Global Models – FSGM

Author

Listed:
  • Michal Andrle
  • Patrick Blagrave
  • Pedro Espaillat
  • Ms. Keiko Honjo
  • Mr. Benjamin L Hunt
  • Mika Kortelainen
  • René Lalonde
  • Mr. Douglas Laxton
  • Eleonara Mavroeidi
  • Mr. Dirk V Muir
  • Susanna Mursula
  • Stephen Snudden

Abstract

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.

Suggested Citation

  • Michal Andrle & Patrick Blagrave & Pedro Espaillat & Ms. Keiko Honjo & Mr. Benjamin L Hunt & Mika Kortelainen & René Lalonde & Mr. Douglas Laxton & Eleonara Mavroeidi & Mr. Dirk V Muir & Susanna Mursu, 2015. "The Flexible System of Global Models – FSGM," IMF Working Papers 2015/064, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2015/064
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    References listed on IDEAS

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