{"product_id":"international-finance-discussion-papers-a-guide-to-frbglobal-1288733976","title":"International Finance Discussion Papers: A Guide to Frb\/Global","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 1288733976\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Levin, Andrew T\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eThis paper describes the structure and illustrates the key features of FRB\/Global, a large-scale macroeconomic model used in analyzing exogenous shocks and alternative policy responses in foreign economies and in examining the impact of these external shocks on the U.S. economy. FRB\/Global imposes fiscal and national solvency constraints and utilizes error-correction mechanisms in the behavioral equations to ensure the long-run stability of the model. In FRB\/Global, expectations play an important role in determining financial market variables and domestic expenditures. Simulations can be performed using either limited-information (\"adaptive\") or model-consistent (\"rational\") expectations.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51963587658016,"sku":"NEW1288733976","price":21.3,"currency_code":"USD","in_stock":true}],"url":"https:\/\/miakarts.com\/products\/international-finance-discussion-papers-a-guide-to-frbglobal-1288733976","provider":"Miakarts Books","version":"1.0","type":"link"}