## Adding Indonesia to the Global Projection Model

_IMF Working Papers, November 1, 2009_

## Source details

**Canonical URL:** [Adding Indonesia to the Global Projection Model](https://www.imf.org/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227)

## Other formats

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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

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### 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).*

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/adding-indonesia-to-the-global-projection-model-23227_