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Thailand: Selected Issues

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  • International Monetary Fund

Abstract

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.

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  • International Monetary Fund, 2008. "Thailand: Selected Issues," IMF Staff Country Reports 2008/194, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/194
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    References listed on IDEAS

    as
    1. John Cairns & Corrinne Ho & Robert McCauley, 2007. "Exchange rates and global volatility: implications for Asia-Pacific currencies," BIS Quarterly Review, Bank for International Settlements, March.
    2. Mr. Tonny Lybek & Mr. Abdourahmane Sarr, 2002. "Measuring Liquidity in Financial Markets," IMF Working Papers 2002/232, International Monetary Fund.
    3. Martin Hohensee & Kyungjik Lee, 2006. "A survey on hedging markets in Asia: a description of Asian derivatives markets from a practical perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), Asian bond markets: issues and prospects, volume 30, pages 261-281, Bank for International Settlements.
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