An Open Economy Quarterly Projection Model for Sri Lanka /

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-looki...

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Bibliografiske detaljer
Hovedforfatter: Amarasekara, Chandranath
Andre forfattere: Anand, Rahul, Ehelepola, Kithsiri, Ekanayake, Hemantha
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2018.
Serier:IMF Working Papers; Working Paper ; No. 2018/149
Online adgang:Full text available on IMF
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100 1 |a Amarasekara, Chandranath. 
245 1 3 |a An Open Economy Quarterly Projection Model for Sri Lanka /  |c Chandranath Amarasekara, Rahul Anand, Kithsiri Ehelepola, Hemantha Ekanayake. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (59 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Anand, Rahul. 
700 1 |a Ehelepola, Kithsiri. 
700 1 |a Ekanayake, Hemantha. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/149 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/149/001.2018.issue-149-en.xml  |z IMF e-Library