| Description |
1 online resource (33 pages) |
| Series |
IMF working paper ; WP/13/256 |
|
IMF working paper ; WP/13/256.
|
| Contents |
Cover; Abstract; Contents; I. Introduction; II. An Overview of GPM6; Core Macro Structure; III. Adding China to the GPM6; Modeling the exchange-rate regime; Modeling Monetary Policy; Modeling Output and Inflation; Modeling Commodity Prices in a Global Setting; Stochastic Processes; IV. Model Properties; Impulse-Response Functions; Empirical Fit; V. Conclusion; References; Appendixes; Appendix I. Figures and Data Definitions; Appendix II. Impulse-Response Functions; Appendix III. Evaluation of Model Fit; Appendix IV. Stochastic Processes and Definitions; Appendix V. Parameter Values |
| Summary |
"We extend the Global Projection Model (GPM) to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with other key economies, its demand for commodities, and its policies. Also, the Chinese economy has several unique features which differentiate it from the rest of emerging Asia. These features (the use of multiple monetary-policy instruments and a managed-floating exchange-rate policy) mean that a separate treatment of China allows for a better consideration of China, as well as how the rest of emerging Asia behaves"--Abstract |
| Notes |
At head of title: Research Department |
|
"October 2013." |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed January 16, 2014) |
| Subject |
Economic forecasting -- China -- Econometric models
|
|
Inflation (Finance) -- China -- Econometric models
|
|
Monetary policy -- China -- Econometric models
|
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Foreign exchange rates -- China -- Econometric models
|
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Economic forecasting -- Econometric models
|
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Foreign exchange rates -- Econometric models
|
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Inflation (Finance) -- Econometric models
|
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Monetary policy -- Econometric models
|
|
China
|
| Form |
Electronic book
|
| Author |
Blagrave, Patrick, author.
|
|
International Monetary Fund. Research Department, issuing body.
|
| ISBN |
9781484317631 |
|
1484317637 |
|
9781484318355 |
|
1484318358 |
|
