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The Bank Of Canadas New Quarterly Projection Model Part 2 A Robust Method For Simulating Forward Looking Models Electronic Resource
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Book Synopsis The Bank of Canada's New Quarterly Projection Model. Part 2, A Robust Method for Simulating Forward-looking Models [electronic Resource] by : Armstrong, John B
Download or read book The Bank of Canada's New Quarterly Projection Model. Part 2, A Robust Method for Simulating Forward-looking Models [electronic Resource] written by Armstrong, John B and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Bank of Canada's New Quarterly Projection Model by : John Armstrong
Download or read book The Bank of Canada's New Quarterly Projection Model written by John Armstrong and published by . This book was released on 1995 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this report, we describe methods for solving economic models when expectations are presumed to have at least some element of consistency with the predictions of the model itself. We present analytical results that establish the convergence properties of alternative solution procedures for linear models with unique solutions. We discuss briefly the extension of our convergence results to applications with non-linear models, but the strong analytical conclusions for linear systems do not necessarily carry over to non-linear systems. We illustrate the analytical discussion and provide some evidence on comparative solution times and on the robustness of the procedures, using simulations of a simple, linear model of a hypothetical economy and of two much larger, non-linear models of the Canadian economy developed at the Bank of Canada.
Book Synopsis The Bank of Canada's New Quarterly Projection Model (QMP). Part 4, A Semi-structural Method to Estimate Potential Output [electronic Resource] : Combining Economic Theory with a Time-series Filter by : Butler, Leo
Download or read book The Bank of Canada's New Quarterly Projection Model (QMP). Part 4, A Semi-structural Method to Estimate Potential Output [electronic Resource] : Combining Economic Theory with a Time-series Filter written by Butler, Leo and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Bank of Canada's New Quarterly Projection Model by :
Download or read book The Bank of Canada's New Quarterly Projection Model written by and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bank of Canada's new Quarterly Projection Model (QPM) combines the short-term dynamic properties necessary to support regular economic projections with the consistent behavioural structure necessary for policy analysis. This volume reviews the history of macro modelling at the Bank and how that history has conditioned the nature of QPM and the methodology used in its construction. It then describes the model, focusing on the types of shocks it was designed to handle and the key elements of its dynamic structure. Two important features are noted: forward-looking expectations and endogenous policy rules. Also discussed is the methodology used to calibrate the model to reflect Canadian data, including examples of how the calibration was performed for QPM. Finally, the volume illustrates the properties of QPM in dynamic simulation by describing the results of numerous shocks to the model.
Book Synopsis The Bank of Canada's New Quarterly Projection Model (QPM) by : Leo Butler
Download or read book The Bank of Canada's New Quarterly Projection Model (QPM) written by Leo Butler and published by . This book was released on 1996 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The level of potential output plays a central role in the Bank of Canada's new Quarterly Projection Model (QPM). This report describes a general method to measure potential output, as well as its implementation in the QPM system. The report begins with a short history of the measurement of potential output. Building on this experience, a hybrid method of measuring potential output is developed that combines economic structure with a time-series filter. The resulting filter, known as the extended multivariate (EMV) filter, exploits theoretical relationships that are embodied in QPM in an effort to identify demand-side and supply-side influences on output. These various relationships are combined in a filter that imposes a smoothness property on the dynamics of potential output. The report describes the general structure of the EMV filter, the various economic relationships that it uses, and the weights applied to these different pieces of information. It concludes with an evaluation of the EMV filter and some suggestions for future improvements.
Book Synopsis The Bank of Canada's New Quarterly Projection Model by : Richard Black
Download or read book The Bank of Canada's New Quarterly Projection Model written by Richard Black and published by . This book was released on 1994 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report on the Bank of Canada's Quarterly Projection Model (QPM) that is used for economic projections and policy analysis, focusing on the model's long-run properties. The report describes SSQPM, a model of the steady state of QPM that is maintained separately and used to study the determinants of long-run equilibrium in the economy and the permanent effects of economic disturbances or changes of policy. The report presents the simplest form of the SSQPM; introduces elaborations and extensions that are necessary to support a working projection environment; describes the choices made in calibrating the model and numerical steady state that emerges; and describes the properties of SSQPM as revealed by its responses to a number of shocks to exogenous variables.
Book Synopsis Middelnederlandse Lancelotromans by :
Download or read book Middelnederlandse Lancelotromans written by and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rapport Techniques written by and published by . This book was released on 1973 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Quarterly Projection Model for the National Bank of Rwanda by : Mr.Jan Vlcek
Download or read book Quarterly Projection Model for the National Bank of Rwanda written by Mr.Jan Vlcek and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-12-21 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: National Bank of Rwanda (BNR) modernized monetary policy and transited to the price-based policy framework in January 2019. The Forecasting and Policy Analysis System (FPAS) is the cornerstone for the new forward-looking framework, which mobilizes and organizes resources and sets processes for regular forecasting rounds. The core of this system is a structural macroeconomic model for macroeconomic analysis and projections to support the BNR staff’s policy recommendations to the monetary policy committee. This paper documents the quarterly projection model (QPM) at the core of the FPAS at the BNR. The model is an extension of the canonical structure in Berg et al (2006) to reflect specifics of the interest-rate-based policy framework with a managed exchange rate, the effect of agricultural sector and harvests on prices, and the role of fiscal policies and aid flows.
Book Synopsis A Small Quarterly Projection Model of the US Economy by : Mr.Ondrej Kamenik
Download or read book A Small Quarterly Projection Model of the US Economy written by Mr.Ondrej Kamenik and published by International Monetary Fund. This book was released on 2008-12-01 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first 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 for studying both own-country and cross-country linkages. In this paper, we estimate a small quarterly projection model of the U.S. economy. 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. After developing a benchmark model without financial-real linkages, we introduce such linkages into the model and compare the results with and without linkages.
Book Synopsis Quarterly Projection Model for India by : Mr.Jaromir Benes
Download or read book Quarterly Projection Model for India written by Mr.Jaromir Benes and published by International Monetary Fund. This book was released on 2017-02-13 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines the key features of the production version of the quarterly projection model (QPM), which is a forward-looking open-economy gap model, calibrated to represent the Indian case, for generating forecasts and risk assessment as well as conducting policy analysis. QPM incorporates several India-specific features like the importance of the agricultural sector and food prices in the inflation process; features of monetary policy transmission and implications of an endogenous credibility process for monetary policy formulation. The paper also describes key properties and historical decompositions of some important macroeconomic variables.
Download or read book MUSE written by Bank of Canada and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The analysis and forecasting of developments in the U.S. economy have always played a critical role in the formulation of Canadian economic and financial policy. Thus, the Bank places considerable importance on generating internal forecasts of U.S. economic activity as an input to the Canadian projection. Over the past year, Bank staff have been using a new macroeconometric model, MUSE (Model of the U.S. Economy). The model is a system of estimated equations that describe, in a stock-flow framework, the interactions among the principal macroeconomic variables, such as gross domestic product (GDP), inflation, interest rates, and the exchange rate. The stock-flow equilibrium is fully described in MUSE. In steady state, the model defines specific values for all stocks, including capital stock, government debt, financial wealth, and net foreign assets."--Pub. website
Book Synopsis The Bank of Canada's New Quarterly Projection Model by :
Download or read book The Bank of Canada's New Quarterly Projection Model written by and published by . This book was released on 1996 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Taylor Rules in the Quarterly Projection Model by : Bank of Canada
Download or read book Taylor Rules in the Quarterly Projection Model written by Bank of Canada and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Small Quarterly Multi-Country Projection Model by : Mr.Ondrej Kamenik
Download or read book A Small Quarterly Multi-Country Projection Model written by Mr.Ondrej Kamenik and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-12-01 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. In this paper, we estimate a 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. We show how the model can be used to construct efficient baseline forecasts that incorporate judgment imposed on the near-term outlook.
Book Synopsis Introducing the Bank of Canada's Projection Model for the Global Economy by : Jeannine N. Bailliu
Download or read book Introducing the Bank of Canada's Projection Model for the Global Economy written by Jeannine N. Bailliu and published by . This book was released on 2010 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Convergence of Capital Measurement and Capital Standards by :
Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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