Hidden Bibliographic Details
| Other authors / contributors: | Carabenciov, Ioan, author.
International Monetary Fund. Research Department.
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| ISBN: | 1462388078
9781462388073
1452735956
9781452735955
1282391658
9781282391659
9786613820082
6613820083
1451999356
9781451999358
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| Notes: | At head of title: Research Dept.
"December 2008."
Includes bibliographical references (pages 36-38).
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This is the third 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 for studying both own-country and cross-country linkages. In this paper, we estimate a small quarterly projection model of the US, Euro Area, and Japanese economies that incorporates oil prices and allows us to trace out the effects of shocks to oil prices. The model is estimated with Bayesian techniques. We show how the model can be used to construct efficient baseline forecasts that incorporate judgment imposed on the near-term outlook.
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| Other form: | Print version: Small quarterly multi-country projection model with financial-real linkages and oil prices. Washington, D.C. : International Monetary Fund, ©2008
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