The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios
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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.
Series:
Working Paper No. 2021/122
Subject:
COVID-19 Fiscal consolidation Fiscal policy Health Public debt Taxes Value-added tax
Frequency:
regular
English
Publication Date:
April 30, 2021
ISBN/ISSN:
9781513573328/1018-5941
Stock No:
WPIEA2021122
Pages:
47
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