{
  "title": "Adding Indonesia to the Global Projection Model",
  "publication": "IMF Working Papers, November 1, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227",
  "canonical": "https://www.imf.org/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227",
  "overlayPath": "/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227/index.md",
  "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This is the fifth of a series of papers in a larger project to estimate a small quarterly Global Projection Model (GPM).\n- The GPM project is designed to improve the toolkit available for studying both own-country and cross-country linkages.\n- This paper adds Indonesia to a previously estimated small quarterly projection model of the US, euro area, and Japanese economies.\n- 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."
    },
    {
      "heading": "Authors and Publication",
      "content": "- Authors: Roberto Garcia-Saltos, Douglas Laxton, Michal Andrle, Haris Munandar, Charles Freedman, Danny Hermawan\n- Date: November 1, 2009\n- Series: Working Paper No. 2009/253\n- Issue: 253\n- Volume: 2009\n- Pages: 57"
    },
    {
      "heading": "Key subjects and keywords",
      "content": "- Subject: Inflation, Output gap, Real exchange rates, Real interest rates, Short term interest rates\n- Keywords: exchange rate, interest rate, WP"
    },
    {
      "heading": "Methodology and model scope",
      "content": "- Model scope:\n  - Small quarterly projection model covering the US, euro area, Japan, and now Indonesia.\n- Estimation approach:\n  - Bayesian techniques used for estimation to impose restrictions that yield plausible dynamics and sensible forecasting properties."
    },
    {
      "heading": "Publication identifiers",
      "content": "- DOI: https://doi.org/10.5089/9781451941715.001\n- Stock No: WPIEA2009253\n- ISBN: 9781451941715\n- ISSN: 1018-5941\n\nSource: IMF Working Papers — \"Adding Indonesia to the Global Projection Model\" (November 1, 2009).\n\n---\n\n Content in this bundle\n\n- wp09253\n  - wp09253 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp09253 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227/index.md)",
    "[Structured JSON version](/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227/index.json)",
    "[Bundle manifest](/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227/bundle-manifest.json)",
    "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",
    "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: 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",
    "Subject: Inflation, Output gap, Real exchange rates, Real interest rates, Short term interest rates",
    "Keywords: exchange rate, interest rate, WP",
    "Model scope:",
    "Estimation approach:",
    "DOI: https://doi.org/10.5089/9781451941715.001",
    "Stock No: WPIEA2009253",
    "ISBN: 9781451941715",
    "ISSN: 1018-5941",
    "**_wp09253**"
  ],
  "related": [
    {
      "title": "_wp09253",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2009/_wp09253.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2009/_wp09253.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2009/_wp09253.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227/index.md",
    "json": "/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227/index.json",
    "bundleManifest": "/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-17T08:51:33.459Z"
}