Franklin

Adding Latin America to the Global Projection Model [electronic resource]

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 09/85.
IMF Working Papers; Working Paper No. 09/85
Format/Description:
Government document
Book
1 online resource (48 p.)
Local subjects:
Aggregate demand.
Calibration.
Causation.
Correlation.
Correlations.
Covariance.
Economic models.
Equation.
Equations.
Forecasting.
Increase in inflation.
Increase in interest rates.
Inflation.
Inflation equation.
Inflation process.
Inflation rate.
Inflation rates.
Inflation target.
Inflation targeting.
Inflation targeting regime.
Inflationary pressures.
Integral.
Monetary economics.
Monetary policy.
Nominal interest rate.
Price level.
Random walk.
Rate of change.
Rate of inflation.
Rates of inflation.
Rational expectations.
Real exchange rates.
Real interest rate.
Real interest rates.
Relative prices.
Sample size.
Samples.
Simultaneous equation.
Standard deviation.
Standard deviations.
Statistics.
Stochastic processes.
Survey.
Terms of trade.
Terms of trade shocks.
Time series.
Japan.
Latin America.
United States.
Summary:
This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In this paper, we add Latin American economies to a previously estimated small quarterly projection model of the US, Euro Area, and Japanese economies. The model is estimated with Bayesian techniques, which provide a very efficient way of imposing restrictions to produce both plausible dynamics and sensible forecasting properties.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451872321:
9781451872323
ISSN:
1018-5941
Publisher Number:
10.5089/9781451872323.001
Access Restriction:
Restricted for use by site license.
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