{
  "title": "Model-Driven Macrofinancial Policy Analysis in the WAEMU: WAEMU",
  "publication": "Selected Issues Papers, June 6, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2025/06/06/model-driven-macrofinancial-policy-analysis-in-the-waemu-waemu-567510",
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  "summary": "This quantitative model for Macrofinancial Policy Analysis for the WAEMU was developed to deepen the Fund’s engagement in macrofinancial surveillance in the region.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Author: Knarik Ayvazyan\n- Date: June 6, 2025\n- Core purpose: A quantitative model for Macrofinancial Policy Analysis for the WAEMU developed to deepen the Fund’s engagement in macrofinancial surveillance in the region.\n- Key capabilities:\n  - Analyzes unobserved credit cycle dynamics and risks.\n  - Emphasizes macrofinancial linkages.\n  - Assesses the consistency between real and credit cycles.\n  - Builds alternative scenarios.\n  - Offers medium-term macroeconomic projections.\n  - Supports macrofinancial policy analysis."
    },
    {
      "heading": "Model features and analytical tools",
      "content": "- Focus areas:\n  - Credit cycle analysis, including unobserved dynamics.\n  - Macrofinancial linkages between financial sector developments and real economy outcomes.\n- Analytical techniques mentioned:\n  - E. model simulation\n  - Forecasting and Simulations\n  - Impulse response\n  - Inflation expectation analysis"
    },
    {
      "heading": "Policy-relevant outputs and applications",
      "content": "- Uses include:\n  - Assessing consistency between real and credit cycles.\n  - Building alternative scenarios to evaluate macrofinancial risks.\n  - Informing macroprudential policy and monetary policy decisions.\n  - Supporting analysis related to capital adequacy requirements and countercyclical capital buffers."
    },
    {
      "heading": "Subject classification and keywords",
      "content": "- Subject: Capital adequacy requirements, Countercyclical capital buffers, Credit, Financial regulation and supervision, Financial sector policy and analysis, Macrofinancial analysis, Macroprudential policy, Money\n- Keywords: Capital adequacy requirements, Capital Ratio, Countercyclical capital buffers, Credit, Credit Cycle, credit growth, credit provision, credit shock, E. model simulation, Forecasting and Simulations, impulse response, inflation expectation, Macrofinancial analysis, Macrofinancial Linkages, Macroprudential Policy, MODEL-DRIVEN MACROFINANCIAL Policy analysis, Monetary Policy, WAEMU, West Africa\n\n---\n\n Content in this bundle\n\n- Sipea2025073\n  - Sipea2025073 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sipea2025073 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2025/06/06/model-driven-macrofinancial-policy-analysis-in-the-waemu-waemu-567510"
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    "Authors: Knarik Ayvazyan",
    "Published: June 6, 2025",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798229012928.018",
    "Author: Knarik Ayvazyan",
    "Date: June 6, 2025",
    "Core purpose: A quantitative model for Macrofinancial Policy Analysis for the WAEMU developed to deepen the Fund’s engagement in macrofinancial surveillance in the region.",
    "Key capabilities:",
    "Focus areas:",
    "Analytical techniques mentioned:",
    "Uses include:",
    "Subject: Capital adequacy requirements, Countercyclical capital buffers, Credit, Financial regulation and supervision, Financial sector policy and analysis, Macrofinancial analysis, Macroprudential policy, Money",
    "Keywords: Capital adequacy requirements, Capital Ratio, Countercyclical capital buffers, Credit, Credit Cycle, credit growth, credit provision, credit shock, E. model simulation, Forecasting and Simulations, impulse response, inflation expectation, Macrofinancial analysis, Macrofinancial Linkages, Macroprudential Policy, MODEL-DRIVEN MACROFINANCIAL Policy analysis, Monetary Policy, WAEMU, West Africa",
    "**Sipea2025073**"
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