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Adding Latin America to the global projection model /

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 thi...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Canales-Kriljenko, Jorge Iván (Autor)
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/85.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 0 |a Adding Latin America to the global projection model /  |c prepared by Jorge Canales Kriljenko [and others]. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2009. 
300 |a 1 online resource (48 pages) :  |b chiefly color illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
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490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/09/85 
500 |a "April 2009." 
500 |a At head of title: Western Hemisphere Department. 
504 |a Includes bibliographical references (pages 30-32). 
588 0 |a Print version record. 
520 |a 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 sensib. 
505 0 |a I. Introduction; II. Benchmark Model; A. Background; B. The Specification of the Model; B.1 Observable variables and data definitions; B.2 Stochastic processes and model definitions; B.3 Behavioral equations; B.4 Cross correlations of disturbances; III. Extending the Model to Include Financial-Real Linkages; A. Background; B. Model Specification Incorporating the US Bank Lending Tightening Variable; IV. Confronting the Model with the Data; A. Bayesian Estimation; B. Results; B.1 Estimates of output gap; B.2 Estimates of coefficients. 
505 8 |a B.3 Estimates of standard deviation of structural shocks and cross correlationsB. 4 RMSEs; B.5 Impulse response functions; B.6 Historical variance decomposition; V. Concluding Remarks; References; Appendix Tables; 1. GPM Data Definitions; 2. Trade Matrix (Average 2001-2007, in percent); Figures; 1. Output Gap in LA5; Text Tables; 1. Results from Posterior Maximization; 2. Estimated Parameters in the Output Gap Equation; 3. Estimated Parameters in the Inflation Equation; 4. Estimated Parameters in the Monetary Policy Rule. 
505 8 |a 2. Results from Posterior Parameters (Standard Deviation of Structural Shocks)3. Results from Posterior Parameters (Correlation of Structural Shocks); 4. Root Mean Squared Errors; 5. Domestic Demand Shock; 6. Domestic Price Shock; 7. Demand Shock in the US; 8. BLT Shock in the US; 9. Historical Decomposition of Inflation 2004-08. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Econometrics. 
650 0 |a Globalization  |x Economic aspects  |z Latin America. 
650 6 |a Économétrie. 
650 6 |a Mondialisation  |z Amérique latine. 
650 7 |a Econometrics  |2 fast 
650 7 |a Globalization  |x Economic aspects  |2 fast 
651 7 |a Latin America  |2 fast 
700 1 |a Canales-Kriljenko, Jorge Iván,  |e author. 
710 2 |a International Monetary Fund.  |b Western Hemisphere Department. 
758 |i has work:  |a Adding Latin America to the global projection model (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGwfkjkx8Xf3JKD67KqVJC  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |t Adding Latin America to the global projection model.  |d [Washington, D.C.] : International Monetary Fund, ©2009  |w (OCoLC)503176337 
830 0 |a IMF working paper ;  |v WP/09/85. 
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