The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios

By Aya Achour, Ales Bulir, Omar Chafik, Adam Remo

April 30, 2021

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Aya Achour, Ales Bulir, Omar Chafik, and Adam Remo. The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios, (USA: International Monetary Fund, 2021) accessed December 3, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: COVID-19, Fiscal consolidation, Fiscal policy, Health, Public debt, Taxes, Value-added tax

Keywords: B. policy scenario, B. scenario assumption, COVID-19, Fiscal consolidation, Fiscal consolidation scenario, Global, Maghreb, Monetary policy response, MOPAM policy option, Value-added tax

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/122
Stock No:

WPIEA2021122
ISBN:

9781513573328
ISSN:

1018-5941

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