02296cas a2200277 a 4500 AALejournalIMF021590 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513571973 2075-8669 BD-DhAAL BD-DhAAL Bulir, Ales. Using Macroeconomic Frameworks to Analyze the Impact of COVID-19 : An Application to Colombia and Cambodia / Ales Bulir, Daniel Baksa, Juan Corrales, Andres Gonzalez. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (30 pages) Technical Notes and Manuals <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This technical note and manual (TNM) addresses the following issues: -- Evaluating the full implications from the policies adopted to mitigate the impact of the COVID-19 pandemic on the economy requires a well-developed macroeconomic framework. This note illustrates how such frameworks were used to analyze Colombia and Cambodia's shock impact at the beginning of the pandemic. -- The use of macroeconomic frameworks is not to infer general policy conclusions from abstract models or empirical analysis but to help policymakers think through and articulate coherent forecasts, scenarios, and policy responses. -- The two country cases illustrate how to construct a baseline scenario consistent with a COVID-19 shock within structural macroeconomic models. The scenario is built gradually to incorporate the available information, the pandemic's full effects, and the policy responses. -- The results demonstrate the value of combining close attention to the data, near-term forecasting, and model-based analyses to support coherent policies. Mode of access: Internet Baksa, Daniel. Corrales, Juan. Gonzalez, Andres. Technical Notes and Manuals; Technical Notes and Manuals ; No. 2021/001 Full text available on IMF http://elibrary.imf.org/view/journals/005/2021/001/005.2021.issue-001-en.xml IMF e-Library