Monetary Policy Analysis and Forecasting in the World Economy

Monetary Policy Analysis and Forecasting in the World Economy
Author :
Publisher : International Monetary Fund
Total Pages : 44
Release :
ISBN-10 : 9781451873856
ISBN-13 : 1451873859
Rating : 4/5 (859 Downloads)

Book Synopsis Monetary Policy Analysis and Forecasting in the World Economy by : Francis Vitek

Download or read book Monetary Policy Analysis and Forecasting in the World Economy 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. 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.


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