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Adding Latin America to the Global Projection Model
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eBook
Adding Latin America to the Global Projection Model
2009
Overview
This is the fourth 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 to which economists have access for studying both own-country and cross-country linkages. In this paper, we add Latin American economies 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.
Publisher
International Monetary Fund
Subject
ISBN
9781452754109, 9781451872323, 9781451916676, 1452754101, 1451872321, 1451916671
