A Simple Macrofiscal Model for Policy Analysis : An Application to Morocco /

A Simple Macrofiscal Model for Policy Analysis : An Application to Morocco /

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. The model focuses on only a few variables that are consistent with the New Keynesian framework. Thanks to its simplicity, it facilitates an initial and intuitive understanding of monetary...

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Dettagli Bibliografici
Autore principale: Baksa, Daniel
Altri autori: Bulir, Ales, Cardarelli, Roberto
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2021.
Serie:IMF Working Papers; Working Paper ; No. 2021/190
Soggetti:
Business Fluctuations
Central Banks and Their Policies
Cycles
Fiscal Policy
Monetary Policy
Accesso online:Full text available on IMF
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100 1 |a Baksa, Daniel. 
245 1 0 |a A Simple Macrofiscal Model for Policy Analysis :   |b An Application to Morocco /  |c Daniel Baksa, Ales Bulir, Roberto Cardarelli. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (35 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 The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. The model focuses on only a few variables that are consistent with the New Keynesian framework. Thanks to its simplicity, it facilitates an initial and intuitive understanding of monetary and fiscal policy transmission channels, and their main impact on economic activity. The model is adapted to Morocco and we demonstrate its application with an illustrative scenario of policy responses to a slower-than-expected recovery from the Covid-19 pandemic, under different monetary policy and exchange rate regimes. 
538 |a Mode of access: Internet 
650 7 |a Business Fluctuations  |2 imf 
650 7 |a Central Banks and Their Policies  |2 imf 
650 7 |a Cycles  |2 imf 
650 7 |a Fiscal Policy  |2 imf 
650 7 |a Monetary Policy  |2 imf 
700 1 |a Bulir, Ales. 
700 1 |a Cardarelli, Roberto. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/190 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/190/001.2021.issue-190-en.xml  |z IMF e-Library 

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