The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios
April 30, 2021
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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.
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
Pages:
47
Volume:
2021
DOI:
Issue:
122
Series:
Working Paper No. 2021/122
Stock No:
WPIEA2021122
ISBN:
9781513573328
ISSN:
1018-5941
