The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios

Author/Editor:

Aya Achour ; Ales Bulir ; Omar Chafik ; Adam Remo

Publication Date:

April 30, 2021

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Working Paper No. 2021/122

Frequency:

regular

English

Publication Date:

April 30, 2021

ISBN/ISSN:

9781513573328/1018-5941

Stock No:

WPIEA2021122

Pages:

47

Please address any questions about this title to publications@imf.org