Thailand: Technical Assistance Report-Technical Assistance to the Ministry of Finance–Development of a Dynamic Stochastic General Equilibrium Model
September 12, 2025
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This document describes the technical needs that have given rise to a Fund’s technical assistance (TA) project for the development of a customized structural micro-founded (DSGE) model in the Ministry of Finance of Thailand, as well as its objectives and key work program elements. This project, led by the Institute for Capacity Development (ICD) of the Fund, aims to reinforce the policy analysis system in Thailand, through the introduction of the DSGE model for policy simulation and macroeconomic risk analysis. While direct beneficiary of this TA will be the MoF’s Fiscal Policy Office, the authorities plan to integrate the tool’s outputs in the Thai macroeconomic reporting infrastructure and main policy discussion fora, inside and outside the MoF.
This TA has been financed by the government of Japan.
This TA has been financed by the government of Japan.
Subject: Dynamic stochastic general equilibrium models, Econometric analysis, Economic forecasting, Expenditure, Fiscal risks, Public debt, Public financial management (PFM)
Keywords: Dynamic stochastic general equilibrium models, fiscal policy analysis system, Fiscal risks, Global, ICD department, IMF, Macroeconomic Frameworks, monetary policy Department, policy consideration, request of the Fiscal Policy Office, Technical Assistance, Thailand.
Pages:
39
Volume:
2025
DOI:
Issue:
082
Series:
Technical Assistance Report No. 2025/082
Stock No:
TAREA2025082
ISBN:
9798229023313
ISSN:
3005-4575
