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Author: Ioan Carabenciov
Publisher: International Monetary Fund
ISBN: 1484318943
Category : Business & Economics
Languages : en
Pages : 79
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Book Description
This is the sixth of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In this paper, we add three more regions and make a number of other changes to a previously estimated small quarterly projection model of the US, euro area, and Japanese economies. The model is estimated with Bayesian techniques, which provide a very efficient way of imposing restrictions to produce both plausible dynamics and sensible forecasting properties.
Author: Ioan Carabenciov
Publisher: International Monetary Fund
ISBN: 1484318943
Category : Business & Economics
Languages : en
Pages : 79
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Book Description
This is the sixth of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In this paper, we add three more regions and make a number of other changes to a previously estimated small quarterly projection model of the US, euro area, and Japanese economies. The model is estimated with Bayesian techniques, which provide a very efficient way of imposing restrictions to produce both plausible dynamics and sensible forecasting properties.
Author: Zoltan Jakab
Publisher: International Monetary Fund
ISBN: 1498399606
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. This paper creates a special version of GPM that includes the four largest Euro Area (EA) countries. The EA countries are more vulnerable to domestic and external demand shocks because adjustments in the real exchange rate between EA countries occur more gradually through inflation differentials. Spillovers from tight credit conditions in each EA country are limited by direct trade channels and small confidence spillovers, but we also consider scenarios where banks in all EU countries tighten credit conditions simultaneously.
Author: Patrick Blagrave
Publisher: International Monetary Fund
ISBN: 1484317637
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
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.
Author:
Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 744
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Book Description
Author:
Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 688
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Book Description
The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.
Author: Office of the Federal Register (U.S.) Staff
Publisher: Office of the Federal Register
ISBN: 9780160889196
Category : Law
Languages : en
Pages : 784
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Book Description
Author:
Publisher: National Archives and Records Administration
ISBN:
Category : Administrative law
Languages : en
Pages :
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Book Description
Author: Woon Gyu Choi
Publisher: International Monetary Fund
ISBN: 1484326458
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
This paper distills and identifies global liquidity (GL) momenta from the macro-financial data of advanced economies through a factor model with sign restrictions as policy-driven, market-driven, and risk averseness factors. Using a panel factor-augmented VAR, we investigate responses of emerging market economies (EMEs) to GL shocks. A policy-driven liquidity increase boosts growth in EMEs, elevating stock prices and currency values, while a risk averseness rise has an opposite effect. A market-driven GL expansion boosts stock markets and lowers funding costs, promoting competitiveness and current account. Inflation targeting EMEs fare better than EMEs under alternative regimes with respect to macrofinancial volatility.
Author: Michael D. Bordo
Publisher: Cambridge University Press
ISBN: 1107141443
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
Leading academics and senior policy makers provide an international perspective on the changing role of the US Federal Reserve System.
Author: Benjamin Stein
Publisher: John Wiley & Sons
ISBN: 9780471593195
Category : Architecture
Languages : en
Pages : 1078
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Book Description
The complete guide to building technology This comprehensive guide provides complete coverage of every aspect of the building technologist's profession. It details design and installation procedures, describes all relevant equipment and hardware, and illustrates the preparation of working drawings and construction details that meet project specifications, code requirements, and industry standards. The author establishes procedures for professional field inspections and equipment operations tests, provides real-world examples from both residential and nonresidential construction projects, and makes specific references to code compliance throughout the text. This new edition incorporates changes in building codes, advances in materials and design techniques, and the emergence of computer-aided design (CAD), while retaining the logical structure and helpful special features of the first edition. More than 1,100 drawings, tables, and photographs complement and illustrate discussions in the text. Topics covered include: * Heating, ventilating, and air conditioning systems- equipment and design * Plumbing systems- equipment and design * Electrical and lighting systems- equipment and design * Testing, adjusting, and balancing procedures for all building systems * Every aspect of the building technologist's profession, from the creation of working drawings through on-site supervision and systems maintenance Extensive appendices include conversion factors; duct design data; test report forms for use in field work; design forms and schedules for electrical, HVAC, and plumbing work; and more.
