{
  "title": "Algeria Macroeconomic Projection Model (AMPM)",
  "publication": "IMF Working Papers, February 13, 2026",
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  "summary": "The paper describes QMPM, the Quarterly Projection Model for the Bank of Algeria that underpins the Bank’s Forecasting and Policy Analysis System.",
  "sections": [
    {
      "heading": "Model description",
      "content": "- QMPM is the Quarterly Projection Model developed for the Bank of Algeria and underpins the Bank’s Forecasting and Policy Analysis System.\n- The model is designed to capture the economy’s key features, enabling model-based analytical exercises for policy analysis, forecasts, and risk scenarios."
    },
    {
      "heading": "Key features captured by the model",
      "content": "- Importance of the hydrocarbon sector.\n- Sizable fiscal policy impacts.\n- Monetary-fiscal interactions.\n- A monetary aggregate targeting policy framework.\n- A managed exchange rate regime."
    },
    {
      "heading": "Analytical findings and model performance",
      "content": "- AMPM displays theoretical consistency.\n- AMPM shows a robust data fit.\n- Model-based analytical exercises confirm AMPM’s practicality for:\n  - Real-time policy analysis.\n  - Forecasting.\n  - Risk scenario analysis to support the Bank of Algeria’s policy processes."
    },
    {
      "heading": "Policy relevance and applications",
      "content": "- Supports the Bank of Algeria’s Forecasting and Policy Analysis System.\n- Suited for analyzing interactions between fiscal policy, monetary policy, and exchange rate management in an economy with a dominant hydrocarbon sector.\n- Practical tool for conducting real-time assessments and scenario-based policy deliberations.\n\nSource: IMF Working Paper \"Algeria Macroeconomic Projection Model (AMPM)\", February 13, 2026.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2026/02/13/algeria-macroeconomic-projection-model-ampm-573954"
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    "Authors: Mustapha Abderrahim, Riad Mansouri, Fatma Zohra Ouail, Sara Abadi, Kenza Elkrim, Mohamed-Fariz Zidane, Philippe D Karam, Gyorgy Molnar, Karel Musil, Valeriu Nalban",
    "Published: February 13, 2026",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798229038379.001",
    "QMPM is the Quarterly Projection Model developed for the Bank of Algeria and underpins the Bank’s Forecasting and Policy Analysis System.",
    "The model is designed to capture the economy’s key features, enabling model-based analytical exercises for policy analysis, forecasts, and risk scenarios.",
    "Importance of the hydrocarbon sector.",
    "Sizable fiscal policy impacts.",
    "Monetary-fiscal interactions.",
    "A monetary aggregate targeting policy framework.",
    "A managed exchange rate regime.",
    "AMPM displays theoretical consistency.",
    "AMPM shows a robust data fit.",
    "Model-based analytical exercises confirm AMPM’s practicality for:",
    "Supports the Bank of Algeria’s Forecasting and Policy Analysis System.",
    "Suited for analyzing interactions between fiscal policy, monetary policy, and exchange rate management in an economy with a dominant hydrocarbon sector.",
    "Practical tool for conducting real-time assessments and scenario-based policy deliberations.",
    "**Working Paper**"
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