TY - BOOK AU - Bayoumi,Tamim A. AU - Laxton,Douglas ED - International Monetary Fund TI - GEM: a new international macroeconomic model T2 - Occasional paper, SN - 1589063759 AV - HD87 .B39 2004 PY - 2004/// CY - Washington, D.C. PB - International Monetary Fund KW - Economic policy KW - Econometric models KW - Macroeconomics N1 - BIB; Overview -- Philosophy and approach. Why a new model? Structure of GEM. Strengths and weaknesses of GEM -- How has GEM been used? Measuring the benefits of raising euro area labor and product market competition. Should monetary policy rules differ between industrial countries and emerging market countries? The impact of higher oil prices -- Current development work. Fiscal policy. International asset markets -- The road ahead ER -