Monetary Policy Analysis and Forecasting in the Group of Twenty : A Panel Unobserved Components Approach »
Series: IMF Working Papers
Author(s): Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2010
Keywords: Monetary policy analysis, Panel unobserved components model, Bayesian conditioning on judgment, inflation, monetary conditions, nominal interest rate, Bayesian Analysis, Multiple or Simultaneous Equation Models: Models with Panel Data, Model Construction and Estimation, Forecasting and Other Model Applications
This paper develops a panel unobserved components model of the monetary transmission mechanism in the world economy, disaggregated into twenty national economies along the lines of the Group of Twenty. This structu...