GPM6 - The Global Projection Model with 6 Regions

WPIEA2013087 Image
Price:  $18.00

Author/Editor: Ioan Carabenciov, Charles Freedman, Roberto Garcia-Saltos, Douglas Laxton, Ondra Kamenik, Petar Manchev
Release Date: © April, 2013
ISBN : 978-1-48431-894-2
Stock #: WPIEA2013087
Stock Status: On back-order

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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.


Economic policy , Monetary policy

More publications in this series: Working Papers

More publications by: Ioan Carabenciov ; Charles Freedman ; Roberto Garcia-Saltos ; Douglas Laxton ; Ondra Kamenik ; Petar Manchev