The Chicago Plan Revisited

PRESENTATION April 18, 2013

Speaker / Author

Michael Kumhof, Ph.D.

Deputy Division Chief of the Modeling Division in the IMF Research Department

Michael Kumhof is deputy division chief of the modeling division in the IMF research department. His main responsibility is the development of the IMF’s global macroeconomic model GIMF, a DSGE model that is used heavily for IMF policy and scenario analyses in multilateral and bilateral surveillance, for the World Economic Outlook publication, and for work on G-20 issues. Mr. Kumhof presently pursues three main research agendas. The first centers on the macroeconomic effects of resource constraints, specifically constraints on the physical availability of fossil fuels. The second studies the role of banks in the macroeconomic transmission mechanism, and develops proposals for ... Read More