Jordan revamps forecast model with richer interactions
Jam2.0 adds a fiscal block and captures more complexities of central bank policy
The Central Bank of Jordan has updated its key medium-term forecast model, adding a new fiscal block and more detailed open economy analysis.
The update to the Jordan Analysis Model (Jam) was carried out with technical assistance from the International Monetary Fund. A new IMF working paper sets out the main changes.
Jam2.0 is a quarterly projection model with a semi-structural framework. It reflects elements of new Keynesian theory, such as monopolistic competition, nominal rigidities and
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