Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach »
Journal Issue
Volume/Issue: 2012/149
Series: IMF Working Papers
Author(s): Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
DOI: http://dx.doi.org/10.5089/9781475504187.001
ISBN: 9781475504187
Keywords: Monetary policy analysis, Fiscal policy analysis, Spillover analysis, World economy, Panel unobserved components model, Bayesian econometrics, inflation, domestic demand, terms of trade, price inflation
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a...