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A Simple Macrofiscal Model for Policy Analysis: An Application to Cambodia
Daniel BaksaMr.Ales BulirDyna Heng
出版International Monetary Fund, 2020-09-25
主題Business & Economics / Foreign ExchangeBusiness & Economics / Banks & BankingBusiness & Economics / Investments & Securities / General
ISBN15135568519781513556857
URLhttp://books.google.com.hk/books?id=HoP3zQEACAAJ&hl=&source=gbs_api
註釋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.