02199cas a2200337 a 4500 AALejournalIMF022982 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400212536 1018-5941 BD-DhAAL BD-DhAAL Epstein, Natan. Quarterly Projection Model for Vietnam : A Hybrid Approach for Monetary Policy Implementation / Natan Epstein, Lucyna Gornicka, Nga Ha, Karel Musil. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (36 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 We present a newly developed Quarterly Projection Model (QPM) for Vietnam. This QPM represents an extended version of the canonical New Keynesian semi-structural model, accounting for Vietnam-specific factors, including a hybrid monetary policy framework. The model incorporates the array of policy instruments, specifically interest rates, indicative nominal credit growth guidance, and exchange rate interventions, that the authorities employ to meet the primary objective of price stability. The calibrated model embeds a theoretically consistent monetary transmission mechanism and demonstrates robust in-sample forecasting accuracy, both of which are important prerequisites for the richer analysis and forecast-based narratives that support a forward-looking monetary policy regime. Mode of access: Internet Business Fluctuations imf Cycles imf Monetary Systems imf Prices, Business Fluctuations, and Cycles imf Standards imf Gornicka, Lucyna. Ha, Nga. Musil, Karel.. IMF Working Papers; Working Paper ; No. 2022/125 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=125 IMF e-Library