Monetary Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach »
Series: IMF Working Papers
Author(s): Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2009
Keywords: 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
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...