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Adding Indonesia to the Global Projection Model by Roberto Garcia-Saltos
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This is the fifth 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 Indonesia 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.
International Monetary Fund; November 2009
57 pages; ISBN 9781452752075
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Title: Adding Indonesia to the Global Projection Model
Author: Roberto Garcia-Saltos; Douglas Laxton; Michal Andrle; Haris Munandar; Charles Freedman; Danny Hermawan