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The Global Projection Model with 6 Regions
出版International Monetary Fund, 2013-04-10
主題Business & Economics / Foreign ExchangeBusiness & Economics / Banks & BankingBusiness & Economics / Production & Operations Management
ISBN14843189439781484318942
URLhttp://books.google.com.hk/books?id=Nz8ZEAAAQBAJ&hl=&source=gbs_api
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註釋This is the sixth of a series of papers that are being written as part of a 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 three more regions and make a number of other changes 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.