This paper develops a panel unobserved components model of the monetary transmission mechanism in the world economy …

FORECASTS -- IV. EMPIRICAL RESULTS -- V. ANALYSIS OF STATISTICAL SIGNIFICANCE -- VI. CAN THE WEO FORECAST ERRORS BE PREDICTED … -- X. LONG-RUN FORECASTING PERFORMANCE FOR G-7 ECONOMIES -- XI. COMPARISON OF WEO AND CONSENSUS FORECASTS -- XII. FORECAST …

. Using the International Monetary Fund (IMF)'s global growth forecast as a working example, the paper goes through the …