01858cas a2200277 a 4500 AALejournalIMF005475 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451871371 1018-5941 BD-DhAAL BD-DhAAL Laxton, Jared. A Small Quarterly Multi-Country Projection Model / Jared Laxton, Igor Ermolaev, Charles Freedman, Ondrej Kamenik. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (59 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Ermolaev, Igor. Freedman, Charles. Kamenik, Ondrej. IMF Working Papers; Working Paper ; No. 2008/279 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/279/001.2008.issue-279-en.xml IMF e-Library