IMF Working Papers
Monetary Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach
English
Monetary policy analysis world economy panel unobserved components model Bayesian conditioning on judgment monetary conditions nominal interest rate price inflation Bayesian Analysis Multiple or Simultaneous Equation Models: Models with Panel Data Model Construction and Estimation Forecasting and Other Model Applications Financial Markets and the Macroeconomy Open Economy Macroeconomics
Attachments [ 0 ]
More Details
2009
INTERNATIONAL MONETARY FUND
INTERNATIONAL MONETARY FUND
1018-5941 | 2227-8885
Print
Working Paper No. 09/238
9781451873856 | 9781451918038 | 9781452704654 | 9781462353743
This paper develops a panel unobserved components model of the monetary transmission mechanism in the world economy, disaggregated into its fifteen largest national economies. This structural macroeconometric model features extensive linkages between the real and financial sectors, both within and across economies. A variety of monetary policy analysis and forecasting applications of the estimated model are demonstrated, based on a novel Bayesian framework for conditioning on judgment.
Comments
(Leave your comments here about this item.)