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

Author/Editor:

Daniel Baksa ; Ales Bulir ; Dyna Heng

Publication Date:

September 25, 2020

Electronic Access:

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Summary:

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. Our canonical model is adapted to Cambodia and we demonstrate its application with an illustrative scenario of macroeconomic effects of the Covid-19 pandemic. Complemented with near-term forecasting tools and expert judgment, the dynamics of the model helps to inform policymakers about medium-term transmission channels and thus guide policy advice.

Series:

Working Paper No. 20/202

Frequency:

regular

English

Publication Date:

September 25, 2020

ISBN/ISSN:

9781513556857/1018-5941

Stock No:

WPIEA2020202

Format:

Paper

Pages:

37

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