Adding Indonesia to the Global Projection Model

 
Author/Editor: Andrle, Michal ; Freedman, Charles ; Garcia-Saltos, Roberto ; Hermawan, Danny ; Laxton, Douglas ; Munandar, Haris
 
Publication Date: November 01, 2009
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: This is the fifth 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 Indonesia 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. 09/253
Subject(s): Economic growth | Economic models | Emerging markets | External shocks | Indonesia | Inflation targeting | Monetary policy

Author's Keyword(s): Macroeconomic Modeling | Bayesian Estimation | Monetary Policy
 
English
Publication Date: November 01, 2009
Format: Paper
Stock No: WPIEA2009253 Pages: 57
Price:
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