The Global Integrated Monetary And Fiscal Model (GIMF)? Theoretical Structure

This paper presents a comprehensive overview of the theoretical structure of the International Monetary Fund's Global Integrated Monetary and Fiscal Model (GIMF). GIMF is a multicountry dynamic general equilibrium model that is used extensively inside the IMF, and also at a small number of central banks, for policy and risk analysis. A significant number of GIMF-based IMF Working Papers and Special Issues Papers has been produced by country desks dealing with policy questions relating to their respective countries. GIMF simulations have been used to produce World Economic Outlook scenario analyses, and also a variety of internal risk assessment analyses, since 2008. Future uses of GIMF will include forecasting exercises based on filtering historical data.