The Morocco Policy Analysis Model Theoretical Framework And Policy Scenarios
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The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios
| Author | : Aya Achour |
| Publisher | : International Monetary Fund |
| Total Pages | : 47 |
| Release | : 2021-04-30 |
| Genre | : Business & Economics |
| ISBN | : 1513573322 |
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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.
