Quarterly Projection Model for Vietnam : A Hybrid Approach for Monetary Policy Implementation /

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 i...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Epstein, Natan
Muut tekijät: Gornicka, Lucyna, Ha, Nga, Musil, Karel.
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2022.
Sarja:IMF Working Papers; Working Paper ; No. 2022/125
Aiheet:
Linkit:Full text available on IMF
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100 1 |a Epstein, Natan. 
245 1 0 |a Quarterly Projection Model for Vietnam :   |b A Hybrid Approach for Monetary Policy Implementation /  |c Natan Epstein, Lucyna Gornicka, Nga Ha, Karel Musil. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (36 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 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. 
538 |a Mode of access: Internet 
650 7 |a Business Fluctuations  |2 imf 
650 7 |a Cycles  |2 imf 
650 7 |a Monetary Systems  |2 imf 
650 7 |a Prices, Business Fluctuations, and Cycles  |2 imf 
650 7 |a Standards  |2 imf 
700 1 |a Gornicka, Lucyna. 
700 1 |a Ha, Nga. 
700 1 |a Musil, Karel.. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/125 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=125  |z IMF e-Library