Adding Indonesia to the Global Projection Model
IMF Working Papers, November 1, 2009
Source details
- Canonical URL
- Adding Indonesia to the Global Projection Model
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Bibliographic details
- Authors: Roberto Garcia-Saltos, Douglas Laxton, Michal Andrle, Haris Munandar, Charles Freedman, Danny Hermawan
- Published: November 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451941715.001
Overview
- This is the fifth of a series of papers in a larger project to estimate a small quarterly Global Projection Model (GPM).
- The GPM project is designed to improve the toolkit available for studying both own-country and cross-country linkages.
- This paper adds 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.
Authors and Publication
- Authors: Roberto Garcia-Saltos, Douglas Laxton, Michal Andrle, Haris Munandar, Charles Freedman, Danny Hermawan
- Date: November 1, 2009
- Series: Working Paper No. 2009/253
- Issue: 253
- Volume: 2009
- Pages: 57
Key subjects and keywords
- Subject: Inflation, Output gap, Real exchange rates, Real interest rates, Short term interest rates
- Keywords: exchange rate, interest rate, WP
Methodology and model scope
- Model scope:
- Small quarterly projection model covering the US, euro area, Japan, and now Indonesia.
- Estimation approach:
- Bayesian techniques used for estimation to impose restrictions that yield plausible dynamics and sensible forecasting properties.
Publication identifiers
- DOI: https://doi.org/10.5089/9781451941715.001
- Stock No: WPIEA2009253
- ISBN: 9781451941715
- ISSN: 1018-5941
Source: IMF Working Papers — "Adding Indonesia to the Global Projection Model" (November 1, 2009).