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Key Elements and Properties
出版International Monetary Fund, 2017-02-13
主題Business & Economics / InflationBusiness & Economics / Money & Monetary PolicyBusiness & Economics / Production & Operations Management
ISBN14755787099781475578706
URLhttp://books.google.com.hk/books?id=U2AZEAAAQBAJ&hl=&source=gbs_api
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註釋This paper outlines the key features of the production version of the quarterly projection model (QPM), which is a forward-looking open-economy gap model, calibrated to represent the Indian case, for generating forecasts and risk assessment as well as conducting policy analysis. QPM incorporates several India-specific features like the importance of the agricultural sector and food prices in the inflation process; features of monetary policy transmission and implications of an endogenous credibility process for monetary policy formulation. The paper also describes key properties and historical decompositions of some important macroeconomic variables.