Author : Ioan Carabenciov
Release : 2013-04-10
Genre : Business & Economics
Kind : eBook
Book Rating : 943/5 ( reviews)
Book Synopsis GPM6 by : Ioan Carabenciov
Download or read book GPM6 written by Ioan Carabenciov. This book was released on 2013-04-10. Available in PDF, EPUB and Kindle. Book excerpt: 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.