Adding China to the Global Projection Model
Electronic Access:
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Summary:
We extend the Global Projection Model (GPM) to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with other key economies, its demand for commodities, and its policies. Also, the Chinese economy has several unique features which differentiate it from the rest of emerging Asia. These features (the use of multiple monetary-policy instruments and a managed-floating exchange-rate policy) mean that a separate treatment of China allows for a better consideration of China, as well as how the rest of emerging Asia behaves.
Series:
Working Paper No. 2013/256
Subject:
Central bank policy rate Exchange rates Financial services Foreign exchange Inflation Oil prices Output gap Prices Production
English
Publication Date:
December 19, 2013
ISBN/ISSN:
9781484317631/1018-5941
Stock No:
WPIEA2013256
Pages:
33
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