01969cas a2200325 a 4500 AALejournalIMF022356 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513592985 1018-5941 BD-DhAAL BD-DhAAL Baksa, Daniel. A Simple Macrofiscal Model for Policy Analysis : An Application to Morocco / Daniel Baksa, Ales Bulir, Roberto Cardarelli. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (35 pages) IMF Working Papers <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 The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. The model focuses on only a few variables that are consistent with the New Keynesian framework. Thanks to its simplicity, it facilitates an initial and intuitive understanding of monetary and fiscal policy transmission channels, and their main impact on economic activity. The model is adapted to Morocco and we demonstrate its application with an illustrative scenario of policy responses to a slower-than-expected recovery from the Covid-19 pandemic, under different monetary policy and exchange rate regimes. Mode of access: Internet Business Fluctuations imf Central Banks and Their Policies imf Cycles imf Fiscal Policy imf Monetary Policy imf Bulir, Ales. Cardarelli, Roberto. IMF Working Papers; Working Paper ; No. 2021/190 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/190/001.2021.issue-190-en.xml IMF e-Library