Share

Quarterly Projection Model for the Bank of Ghana

2022-09-02 Business & Economics
Download Quarterly Projection Model for the Bank of Ghana PDF Online Free

Author :
Release : 2022-09-02
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Quarterly Projection Model for the Bank of Ghana by : Philip Abradu-Otoo

Download or read book Quarterly Projection Model for the Bank of Ghana written by Philip Abradu-Otoo. This book was released on 2022-09-02. Available in PDF, EPUB and Kindle. Book excerpt: The paper describes the Quarterly Projection Model (QPM) that underlies the Bank of Ghana Forecasting and Policy Analysis System (FPAS). The New Keynesian semi-structural model incorporates the main features of the Ghanaian economy, transmission channels and policy framework, including an inflation targeting central bank and aggregate demand effects of fiscal policy. The shock propagation mechanisms embedded in the calibrated QPM demonstrate its theoretical consistency, while out-of-sample forecasting accuracy validates its empirical robustness. Another important part of the QPM is endogenous policy credibility, which may aggravate policy trade-offs in the model and make it more realistic for developing economies. Historical track record of real time policy analysis and medium-term forecasting conducted with the QPM – as a component of the broader FPAS analytical organization – establishes its critical role in supporting the Bank’s forward-looking monetary policy framework.

Ghana

2024-09-20
Download Ghana PDF Online Free

Author :
Release : 2024-09-20
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Ghana by : International Monetary Fund. Institute for Capacity Development

Download or read book Ghana written by International Monetary Fund. Institute for Capacity Development. This book was released on 2024-09-20. Available in PDF, EPUB and Kindle. Book excerpt: This technical assistance (TA) report presents the outcomes of the multi-year Bank of Ghana (BOG) Forecasting and Policy Analysis System (FPAS) TA project, conducted between late-2019 and mid-2024 over a total of seven missions, three in-person and four virtual. The project has focused on upgrading and building new institutional capacity for model-based policy analysis and macroeconomic forecasting, along its integration into monetary policy processes and external communications. BOG staff has made remarkable progress and built a strong skillset in providing analytical support to the policymakers. Model-based work plays an important role in the BOG internal deliberations and represents the key input in forward-looking monetary policy formulation, including in regular external communications. Remaining recommendations relate to ensuring FPAS work sustainability and further streamline external communications.

Quarterly Projection Model for India

2017-02-13 Business & Economics
Download Quarterly Projection Model for India PDF Online Free

Author :
Release : 2017-02-13
Genre : Business & Economics
Kind : eBook
Book Rating : 709/5 ( reviews)

GET EBOOK


Book Synopsis Quarterly Projection Model for India by : Mr.Jaromir Benes

Download or read book Quarterly Projection Model for India written by Mr.Jaromir Benes. This book was released on 2017-02-13. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines the key features of the production version of the quarterly projection model (QPM), which is a forward-looking open-economy gap model, calibrated to represent the Indian case, for generating forecasts and risk assessment as well as conducting policy analysis. QPM incorporates several India-specific features like the importance of the agricultural sector and food prices in the inflation process; features of monetary policy transmission and implications of an endogenous credibility process for monetary policy formulation. The paper also describes key properties and historical decompositions of some important macroeconomic variables.

GPM6

2013-04-10 Business & Economics
Download GPM6 PDF Online Free

Author :
Release : 2013-04-10
Genre : Business & Economics
Kind : eBook
Book Rating : 943/5 ( reviews)

GET EBOOK


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.

Conditionality in Evolving Monetary Policy Regimes

2014-05-03 Business & Economics
Download Conditionality in Evolving Monetary Policy Regimes PDF Online Free

Author :
Release : 2014-05-03
Genre : Business & Economics
Kind : eBook
Book Rating : 694/5 ( reviews)

GET EBOOK


Book Synopsis Conditionality in Evolving Monetary Policy Regimes by : International Monetary Fund

Download or read book Conditionality in Evolving Monetary Policy Regimes written by International Monetary Fund. This book was released on 2014-05-03. Available in PDF, EPUB and Kindle. Book excerpt: With single-digit inflation and substantial financial deepening, developing countries are adopting more flexible and forward-looking monetary policy frameworks and ascribing a greater role to policy interest rates and inflation objectives. While some countries have adopted formal inflation targeting regimes, others have developed frameworks with greater target flexibility to accommodate changing money demand, use of policy rates to signal the monetary policy stance, and implicit inflation targets.

You may also like...