A Small Quarterly Multi-country Projection Model with Financial-real Linkages and Oil Prices
A Small Quarterly Multi-country Projection Model with Financial-real Linkages and Oil Prices

Author:

Publisher:

Published: 2008

Total Pages: 76

ISBN-13:

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This is the third 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 that incorporates oil prices and allows us to trace out the effects of shocks to oil prices. The model is estimated with Bayesian techniques. We show how the model can be used to construct efficient baseline forecasts that incorporate judgment imposed on the near-term outlook.

A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices
A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices

Author: Mr.Ondrej Kamenik

Publisher: International Monetary Fund

Published: 2008-12-01

Total Pages: 76

ISBN-13: 1451871384

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This is the third 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 that incorporates oil prices and allows us to trace out the effects of shocks to oil prices. The model is estimated with Bayesian techniques. We show how the model can be used to construct efficient baseline forecasts that incorporate judgment imposed on the near-term outlook.

A Small Quarterly Projection Model of the US Economy
A Small Quarterly Projection Model of the US Economy

Author: Mr.Ondrej Kamenik

Publisher: International Monetary Fund

Published: 2008-12-01

Total Pages: 56

ISBN-13: 1451871368

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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.

Understanding Economic Forecasts
Understanding Economic Forecasts

Author: David F. Hendry

Publisher: MIT Press

Published: 2003

Total Pages: 236

ISBN-13: 9780262582421

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How to interpret and evaluate economic forecasts and the uncertainties inherent in them.

Demographic Projection Techniques for Regions and Smaller Areas
Demographic Projection Techniques for Regions and Smaller Areas

Author: H. Craig Davis

Publisher: UBC Press

Published: 1995

Total Pages: 132

ISBN-13: 9780774805018

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In Chapter 3, the author outlines a four-step projection procedure which is used throughout the remainder of the book. Chapter 4 describes how to project population size by comparing the growth pattern of the population under study with that of another population. The next chapter covers one of the most commonly employed techniques of population projection - the cohort-survival model, which is used not only to project the size of a population but also its composition in terms of age and sex groupings. The final chapter focuses on migration, generally the most volatile component of the basic demographic equation. Primarily written for courses in planning, this book is also useful for anyone having to make decisions affected by population trends, whether they involve planning for future growth or alerting local decisionmakers to external uncertainties that could have a serious impact on the future of their community.

State and Local Population Projections
State and Local Population Projections

Author: Stanley K. Smith

Publisher: Springer Science & Business Media

Published: 2005-12-21

Total Pages: 433

ISBN-13: 0306473720

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The initial plans for this book sprang from a late-afternoon conversation in a hotel bar. All three authors were attending the 1996 meeting of the Population As- ciation of America in New Orleans. While nursing drinks and expounding on a variety of topics, we began talking about our current research projects. It so happened that all three of us had been entertaining the notion of writing a book on state and local population projections. Recognizing the enormity of the project for a single author, we quickly decided to collaborate. Had we not decided to work together, it is unlikely that this book ever would have been written. The last comprehensive treatment of state and local population projections was Don Pittenger’s excellent work Projecting State and Local Populations (1976). Many changes affecting the production of population projections have occurred since that time. Technological changes have led to vast increases in computing power, new data sources, the development of GIS, and the creation of the Internet. The procedures for applying a number of projection methods have changed considerably, and several completely new methods have been developed.