A Model for Financial Programming
Electronic Access:
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Summary:
This paper presents a simple simulation model that enables the formulation of a consistent growth-oriented, medium-term adjustment program. The applied version is available in Excel (using data for El Salvador) and can be used directly as a financial programming tool that provides a range of standard IMF performance criteria together with a complete set of consistent accounts for the real, monetary, public, and external sectors of the economy. Medium- and long-term growth considerations are incorporated through a neoclassical production function at the same time as monetary and fiscal policies are adjusted to satisfy the requirements for internal and external balance.
Series:
Working Paper No. 1998/080
Subject:
Central banks Consumption Disposable income Exchange rates Foreign exchange International reserves National accounts Private consumption
English
Publication Date:
June 1, 1998
ISBN/ISSN:
9781451850277/1018-5941
Stock No:
WPIEA0801998
Pages:
31
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