GPM6 : The Global Projection Model with 6 Regions

Author/Editor:

Ioan Carabenciov ; Charles Freedman ; Roberto Garcia-Saltos ; Douglas Laxton ; Ondra Kamenik ; Petar Manchev

Publication Date:

April 10, 2013

Electronic Access:

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Summary:

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.

Series:

Working Paper No. 13/87

Subject:

English

Publication Date:

April 10, 2013

ISBN/ISSN:

9781484318942/1018-5941

Stock No:

WPIEA2013087

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

79

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