Adding China to the global projection model /

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Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2013.
Description:	1 online resource (33 pages).
Language:	English
Series:	IMF working paper ; WP/13/256 IMF working paper ; WP/13/256.
Subject:	Economic forecasting -- China -- Econometric models. Inflation (Finance) -- China -- Econometric models. Monetary policy -- China -- Econometric models. Foreign exchange rates -- China -- Econometric models. Economic forecasting -- Econometric models. Foreign exchange rates -- Econometric models. Inflation (Finance) -- Econometric models. Monetary policy -- Econometric models. China. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502419

Hidden Bibliographic Details
Other authors / contributors:	Blagrave, Patrick, author. International Monetary Fund. Research Department, issuing body.
ISBN:	9781484317631 1484317637 9781484318355 1484318358
Notes:	At head of title: Research Department. "October 2013." Includes bibliographical references. Online resource; title from pdf title page (IMF.org Web site, viewed Jan. 16, 2014).
Summary:	"We extend the Global Projection Model (GPM) to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with other key economies, its demand for commodities, and its policies. Also, the Chinese economy has several unique features which differentiate it from the rest of emerging Asia. These features (the use of multiple monetary-policy instruments and a managed-floating exchange-rate policy) mean that a separate treatment of China allows for a better consideration of China, as well as how the rest of emerging Asia behaves"--Abstract.

Table of Contents:

Cover; Abstract; Contents; I. Introduction; II. An Overview of GPM6; Core Macro Structure; III. Adding China to the GPM6; Modeling the exchange-rate regime; Modeling Monetary Policy; Modeling Output and Inflation; Modeling Commodity Prices in a Global Setting; Stochastic Processes; IV. Model Properties; Impulse-Response Functions; Empirical Fit; V. Conclusion; References; Appendixes; Appendix I. Figures and Data Definitions; Appendix II. Impulse-Response Functions; Appendix III. Evaluation of Model Fit; Appendix IV. Stochastic Processes and Definitions; Appendix V. Parameter Values.

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