{"product_id":"international-finance-discussion-papers-a-guide-to-frb-global-9781288733972","title":"International Finance Discussion Papers: A Guide to Frb\/Global","description":"\u003cp\u003e • Author(s): Andrew T. Levin | United States Federal Reserve Board | Et Al\u003cbr\u003e • Publisher: Bibliogov\u003cbr\u003e • Publisher Imprint: Bibliogov\u003cbr\u003e • BISAC: General\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":"Bibliogov","offers":[{"title":"Paperback","offer_id":47598166212759,"sku":"9781288733972","price":1568.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781288733972.webp?v=1774999909","url":"https:\/\/atlanticbooks.com\/products\/international-finance-discussion-papers-a-guide-to-frb-global-9781288733972","provider":"Atlantic Books","version":"1.0","type":"link"}