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Adding Latin America to the Global Projection Model
International Monetary Fund
出版
International Monetary Fund
, 2009-04-01
主題
Business & Economics / Foreign Exchange
Business & Economics / Production & Operations Management
Business & Economics / Inflation
ISBN
1451872321
9781451872323
URL
http://books.google.com.hk/books?id=9LNHwgEACAAJ&hl=&source=gbs_api
註釋
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.
