GPM6 - The Global Projection Model with 6 Regions

 
Author/Editor: Carabenciov, Ioan ; Freedman, Charles ; Garcia-Saltos, Roberto ; Laxton, Douglas ; Kamenik, Ondra ; Manchev, Petar
 
Publication Date: April 10, 2013
 
Electronic Access: Free Full text (PDF file size is 1,960KB).
Use the free Adobe Acrobat Reader to view this PDF file

 
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 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(s): Forecasting models | Real effective exchange rates | Interest rates | External shocks | Unemployment | Demand | Spillovers | World Economic Outlook

 
English
Publication Date: April 10, 2013
ISBN/ISSN: 9781484318942/2227-8885 Format: Paper
Stock No: WPIEA2013087 Pages: 79
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
Please address any questions about this title to publications@imf.org