The paper explores the nexus between the financial and business cycles in a semi-structural New Keynesian model with a financial accelerator, an active banking

We present a semi-structural model of default risk, which is a function of loan and borrower characteristics, economic conditions, and the regulatory environmen

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. The model focuses on only a few variables that a

A technical assistance (TA) mission was conducted from May 19–27, 2024 to assist the Bangladesh Bank (BB) with the ongoing development of their Residential Pr

This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps