01840cas a2200277 a 4500 AALejournalIMF017440 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475578706 1018-5941 BD-DhAAL BD-DhAAL Benes, Jaromir. Quarterly Projection Model for India : Key Elements and Properties / Jaromir Benes, Kevin Clinton, Asish George, Pranav Gupta. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (41 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 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. Mode of access: Internet Clinton, Kevin. George, Asish. Gupta, Pranav. IMF Working Papers; Working Paper ; No. 2017/033 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/033/001.2017.issue-033-en.xml IMF e-Library