01864cas a2200277 a 4500 AALejournalIMF005486 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451871364 1018-5941 BD-DhAAL BD-DhAAL Ermolaev, Igor. A Small Quarterly Projection Model of the US Economy / Igor Ermolaev, Michel Juillard, Ioan Carabenciov, Charles Freedman. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (54 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 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. Mode of access: Internet Carabenciov, Ioan. Freedman, Charles. Juillard, Michel. IMF Working Papers; Working Paper ; No. 2008/278 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/278/001.2008.issue-278-en.xml IMF e-Library