01868cas a2200277 a 4500 AALejournalIMF018563 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484361511 1018-5941 BD-DhAAL BD-DhAAL Amarasekara, Chandranath. An Open Economy Quarterly Projection Model for Sri Lanka / Chandranath Amarasekara, Rahul Anand, Kithsiri Ehelepola, Hemantha Ekanayake. Washington, D.C. : International Monetary Fund, 2018. 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 study documents a semi-structural model developed for Sri Lanka. This model, extended with a fiscal sector block, is expected to serve as a core forecasting model in the process of the Central Bank of Sri Lanka's move towards flexible inflation targeting. The model includes a forward-looking endogenous interest rate and foreign exchange rate policy rules allowing for flexible change in policy behavior. It is a gap model that allows for simultaneous identification of business cycle position and long-term equilibrium. The model was first calibrated and then its data-fit was improved using Bayesian estimation technique with relatively tight priors. Mode of access: Internet Anand, Rahul. Ehelepola, Kithsiri. Ekanayake, Hemantha. IMF Working Papers; Working Paper ; No. 2018/149 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/149/001.2018.issue-149-en.xml IMF e-Library