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The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios

2021-04-30 Business & Economics
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Release : 2021-04-30
Genre : Business & Economics
Kind : eBook
Book Rating : 322/5 ( reviews)

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Book Synopsis The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios by : Aya Achour

Download or read book The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios written by Aya Achour. This book was released on 2021-04-30. Available in PDF, EPUB and Kindle. Book excerpt: The Morocco Policy Analysis model (MOPAM) was created in the Bank Al-Maghrib to simulate the impact of external developments, domestic macroeconomic policies, and structural reforms on key macroeconomic aggregates. We describe its structure and demonstrate its operation on two medium-term scenarios: (1) fiscal consolidation to stabilize the debt-to-GDP ratio and (2) the effects of the COVID-19 shock, including the endogenous fiscal and monetary policy response.

Morocco: A Practical Approach to Monetary Policy Analysis in a Country with Capital Controls

2018-02-14 Business & Economics
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Release : 2018-02-14
Genre : Business & Economics
Kind : eBook
Book Rating : 813/5 ( reviews)

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Book Synopsis Morocco: A Practical Approach to Monetary Policy Analysis in a Country with Capital Controls by : Mokhtar Benlamine

Download or read book Morocco: A Practical Approach to Monetary Policy Analysis in a Country with Capital Controls written by Mokhtar Benlamine. This book was released on 2018-02-14. Available in PDF, EPUB and Kindle. Book excerpt: The Central Bank of Morocco has been working on developing a Forecasting and Policy Analysis System (FPAS) to support a gradual move toward a more flexible exchange rate regime and the eventual adoption of a full-fledged inflation-targeting (IT) regime. At the center of the FPAS is a quarterly projection model that was tailored for two different types of exchange rate regimes. Presently, the fixed exchange rate model version is to be used during the pre-IT period, while the flexible exchange rate model version is to be used to prepare alternative scenarios for monetary policy decision makers to discuss the potential policy implications of shocks under an IT regime.

Morocco

2018
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Author :
Release : 2018
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Morocco by :

Download or read book Morocco written by . This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: The Central Bank of Morocco has been working on developing a Forecasting and Policy Analysis System (FPAS) to support a gradual move toward a more flexible exchange rate regime and the eventual adoption of a full-fledged inflation-targeting (IT) regime. At the center of the FPAS is a quarterly projection model that was tailored for two different types of exchange rate regimes. Presently, the fixed exchange rate model version is to be used during the pre-IT period, while the flexible exchange rate model version is to be used to prepare alternative scenarios for monetary policy decision makers to discuss the potential policy implications of shocks under an IT regime.

Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries

2015-10-23 Business & Economics
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Release : 2015-10-23
Genre : Business & Economics
Kind : eBook
Book Rating : 062/5 ( reviews)

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Book Synopsis Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by : International Monetary Fund

Download or read book Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries written by International Monetary Fund. This book was released on 2015-10-23. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.

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

2021-07-16 Business & Economics
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Release : 2021-07-16
Genre : Business & Economics
Kind : eBook
Book Rating : 98X/5 ( reviews)

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Book Synopsis A Simple Macrofiscal Model for Policy Analysis: An Application to Morocco by : Daniel Baksa

Download or read book A Simple Macrofiscal Model for Policy Analysis: An Application to Morocco written by Daniel Baksa. This book was released on 2021-07-16. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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