Monetary Policy Analysis and Forecasting in the World Economy
Download or Read eBook Monetary Policy Analysis and Forecasting in the World Economy PDF written by Francis Vitek and published by International Monetary Fund. This book was released on 2009-10-01 with total page 44 pages. Available in PDF, EPUB and Kindle.
Author | : Francis Vitek |
Publisher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 2009-10-01 |
ISBN-10 | : 9781451873856 |
ISBN-13 | : 1451873859 |
Rating | : 4/5 (56 Downloads) |
Book Synopsis Monetary Policy Analysis and Forecasting in the World Economy by : Francis Vitek
Book excerpt: 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.