Thailand: Selected Issues

June 19, 2008

Preview Citation

Format: Chicago

Thailand: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 25, 2024

Summary

To estimate the New Keynesian model, we use four key macroeconomic series for Thailand. The priors are chosen to reflect general considerations of the appropriate model dynamics and our judgment about the Thai economy. The model is solved initially so that the baseline forecast replicates staff baseline projections over the medium term. We analyze two main risk scenarios, and estimate that the output in Thailand may decline by up to 0.9 percent relative to the baseline. However, the adverse impact on Thai output is likely to be smaller than suggested above.

Subject: Currencies, Currency markets, Exchange rates, Financial markets, Foreign exchange, Money, Output gap, Production

Keywords: Asia and Pacific, CR, Currencies, Currency markets, Demand shock, Exchange rates, Global, ISCR, Market, Market turnover, Output gap, Phillips curve, Reaction function, Return volatility, Turnover data, U.S. dollar transaction, Upper bound

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/194
Stock No:

1THAEA2008001
ISBN:

9781451836851
ISSN:

1934-7685

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