A Simple Macrofiscal Model for Policy Analysis: An Application to Cambodia
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Summary:
The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. Our canonical model is adapted to Cambodia and we demonstrate its application with an illustrative scenario of macroeconomic effects of the Covid-19 pandemic. Complemented with near-term forecasting tools and expert judgment, the dynamics of the model helps to inform policymakers about medium-term transmission channels and thus guide policy advice.
Series:
Working Paper No. 2020/202
Subject:
Exchange rates Financial services Foreign exchange National accounts Output gap Production Real exchange rates Real interest rates Return on investment
Frequency:
regular
English
Publication Date:
September 25, 2020
ISBN/ISSN:
9781513556857/1018-5941
Stock No:
WPIEA2020202
Pages:
37
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