Format:
Online-Ressource (54 p)
Edition:
Online-Ausg.
ISBN:
1451871368
,
9781451871364
Series Statement:
IMF Working Papers Working Paper No. 08/278
Content:
This is the first 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 for studying both own-country and cross-country linkages. In this paper, we estimate a small quarterly projection model of the U.S. economy. 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. After developing a benchmark model without financial-real linkages, we introduce such linkages into the model and compare the results with and without linkages
Additional Edition:
Erscheint auch als Druck-Ausgabe Ermolaev, Igor A Small Quarterly Projection Model of the US Economy Washington, D.C. : International Monetary Fund, 2008 ISBN 9781451871364
Language:
English
DOI:
10.5089/9781451871364.001
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