The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios

Aya Achour (), Ales Bulir, Omar Chafik and Adam Remo

No 2021/122, IMF Working Papers from International Monetary Fund

Abstract: The Morocco Policy Analysis model (MOPAM) was created in the Bank Al-Maghrib to simulate the impact of external developments, domestic macroeconomic policies, and structural reforms on key macroeconomic aggregates. We describe its structure and demonstrate its operation on two medium-term scenarios: (1) fiscal consolidation to stabilize the debt-to-GDP ratio and (2) the effects of the COVID-19 shock, including the endogenous fiscal and monetary policy response.

Keywords: MOPAM policy option; B. policy scenario; B. scenario assumption; fiscal consolidation scenario; monetary policy response; COVID-19; Fiscal consolidation; Value-added tax; Global; Maghreb (search for similar items in EconPapers)
Pages: 47
Date: 2021-04-30
New Economics Papers: this item is included in nep-ara, nep-dge and nep-mac
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Working Paper: The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios (2021)
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