Normal view MARC view ISBD view

Vitek, Francis.

Monetary Policy Analysis and Forecasting in the World Economy A Panel Unobserved Components Approach / Francis Vitek. [electronic resource] : Francis Vitek. - Washington, D.C. : International Monetary Fund, 2009. - 1 online resource (42 p.) - IMF Working Papers; Working Paper ; No. 09/238 . - IMF Working Papers; Working Paper ; No. 09/238 .

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.

ISBN: 1451873859 : 18.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451873856.001 doi

Subjects--Topical Terms:
Bayesian Analysis
Bayesian Conditioning On Judgment
Financial Markets and the Macroeconomy
Forecasting and Other Model Applications
Model Construction and Estimation
Monetary Conditions

Subjects--Geographic Terms:
China, People's Republic of
United States