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出版International Monetary Fund, 2008-12-01
主題Business & Economics / Production & Operations ManagementBusiness & Economics / InflationBusiness & Economics / Banks & Banking
ISBN14518713689781451871364
URLhttp://books.google.com.hk/books?id=goEYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋This is the first 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 for studying both own-country and cross-country linkages. In this paper, we estimate a small quarterly projection model of the U.S. economy. 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. After developing a benchmark model without financial-real linkages, we introduce such linkages into the model and compare the results with and without linkages.