Quarterly Projection Model for India
Author | : Mr.Jaromir Benes |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2017-02-13 |
ISBN-10 | : 9781475578706 |
ISBN-13 | : 1475578709 |
Rating | : 4/5 (709 Downloads) |
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.