Vai al contenuto principale della pagina

GPM6 : : The Global Projection Model with 6 Regions / / Ioan Carabenciov, Charles Freedman, Roberto Garcia-Saltos, Douglas Laxton, Ondrej Kamenik, Petar Manchev



(Visualizza in formato marc)    (Visualizza in BIBFRAME)

Autore: Carabenciov Ioan Visualizza persona
Titolo: GPM6 : : The Global Projection Model with 6 Regions / / Ioan Carabenciov, Charles Freedman, Roberto Garcia-Saltos, Douglas Laxton, Ondrej Kamenik, Petar Manchev Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2013
Descrizione fisica: 1 online resource (80 p.)
Soggetto topico: Economic policy - Mathematical models
Economics - Mathematical models
Banks and Banking
Foreign Exchange
Inflation
Production and Operations Management
Model Construction and Estimation
Price Level
Deflation
Monetary Policy
Interest Rates: Determination, Term Structure, and Effects
Macroeconomics: Production
Macroeconomics
Currency
Foreign exchange
Finance
Banking
Real exchange rates
Output gap
Real interest rates
Central bank policy rate
Production
Financial services
Prices
Interest rates
Economic theory
Soggetto geografico: United States
Altri autori: FreedmanCharles  
Garcia-SaltosRoberto  
LaxtonDouglas  
KamenikOndrej  
ManchevPetar  
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: Cover; Contents; I. Introduction; II. Background to the Model Specification; III. The specification of the model; A. Data definitions; B. Stochastic processes; 1. Potential Output; 2. NAIRU; 3. Equilibrium real interest rate; 4. Real exchange rate; C. Behavioral equations for the G3 economies; 1. Output Gap; 2. Inflation; 3. Policy Interest Rate; 4. Medium-term Interest Rate; 5. Uncovered Interest Parity; 6. Unemployment Rate; D. Differences in specification of behavioral equations for the emerging economies; 1. Output Gap; 2. Uncovered Interest Parity; 3. Unemployment Rate
IV. Confronting the Model with the DataA. Bayesian estimation; 1. General approach; 2. Calibration and estimation in the GPM6 model; B. Results; 1. Estimated and calibrated coefficients; 2. Root Mean Squared Errors; 3. Variance decompositions; 4. Impulse response functions; 5. A global demand shock; V. Concluding Remarks; References; Appendix 1: GPM6 Data Definitions; Tables; 1. GPM6 Parameters Table; 2. Results from estimation of parameters in GPM6 (sample 1994Q1-2007Q4); 3. GPM6 Trade and Spillovers Table; 4. GPM6 Trade and Spillovers Table[2]
5. Results from estimation - standard deviation of structural shocks[1]6. Results from estimation - standard deviation of structural shocks[2]; 7. Root Mean Squared Errors 1999Q1-2007Q4 .; 8. Variance Decomposition[1]; 9. Variance Decomposition[2]; Figures; 1. Shock to (Omitted); 2. Shock to (Omitted); 3. Shock to (Omitted); 4. Shock to (Omitted); 5. Shock to (Omitted); 6. Shock to (Omitted); 7. Shock to (Omitted); 8. Shock to (Omitted); 9. Shock to (Omitted); 10. Shock to (Omitted); 11. Shock to (Omitted); 12. Shock to (Omitted); 13. Shock to (Omitted); 14. Shock to (Omitted)
15. Shock to (Omitted)16. Shock to (Omitted); 17. Shock to (Omitted); 18. Shock to (Omitted); 19. Shock to (Omitted); 20. Shock to (Omitted); 21. Shock to (Omitted); 22. Shock to (Omitted); 23. Global Demand Shock
Sommario/riassunto: This is the sixth 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 to which economists have access for studying both own-country and cross-country linkages. In this paper, we add three more regions and make a number of other changes 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.
Titolo autorizzato: GPM6  Visualizza cluster
ISBN: 1-4843-9170-5
1-4843-0277-X
1-4843-2538-9
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910787671403321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2013/087