The Morocco Policy Analysis Model Theoretical Framework And Policy Scenarios
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The Morocco Policy Analysis Model Theoretical Framework And Policy Scenarios
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Author : Aya Achour
language : en
Publisher: International Monetary Fund
Release Date : 2021-04-30
The Morocco Policy Analysis Model Theoretical Framework And Policy Scenarios written by Aya Achour and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-30 with Business & Economics categories.
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.
Morocco S Quest For Stronger And Inclusive Growth
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Author : Mr. Roberto Cardarelli
language : en
Publisher: International Monetary Fund
Release Date : 2023-10-09
Morocco S Quest For Stronger And Inclusive Growth written by Mr. Roberto Cardarelli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-09 with Business & Economics categories.
Throughout the past two decades, Morocco has faced several external and domestic shocks, including large swings in international oil prices, regional geopolitical tensions, severe droughts, and most recently the impact of the pandemic and the economic fallout from Russia’s invasion of Ukraine. Despite rough waters, the government stayed the course and remained focused not only on immediate stability, but also on the long-term needs of the Moroccan economy. This involved the adoption of a series of difficult measures, like the elimination of energy subsidies, and a strategy aimed at improving the country’s infrastructure, diversifying the production and export bases by attracting foreign investment, and modernizing the governance structure of the public administration. The road to higher and more inclusive growth, however, remains steep. Despite gains in poverty reduction, literacy and lifespans, Morocco economy continues to face a high share of inactive youth, large gaps in economic opportunities for women, a fragmented social protection system, and remaining barriers to private sector development. An ambitious reform agenda is needed to better meet the aspirations of Moroccans, by making economic growth stronger, more resilient and more inclusive, particularly to provide greater opportunities for young, women, and entrepreneurs. Morocco appears well positioned to address these challenges, and indeed, the country has recently sought to define and pursue a new “model of development”, through national debates and a more inclusive approach to reform. Significant reforms have been announced recently that revamp both the social protection system and the SOEs business model. This book draws lessons from the reforms Morocco has implemented in the past few decades and charts a course for Morocco by addressing key areas for reform.
Morocco
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-19
Morocco written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-19 with Business & Economics categories.
The Bank Al-Maghrib (BAM) has implemented expanded and comprehensive transparency practices in a number of areas, notably related to the primary mandate of price stability and the shared mandate of financial stability. This reflects the BAM’s public commitment to transparency anchored in the new 2019 BAM Law and articulated as a strategic orientation under the quinquennial plan for 2019-2023. This level of transparency enabled the BAM to gain the noteworthy trust of the stakeholders met by the mission and to safeguard its autonomy.
A Simple Macrofiscal Model For Policy Analysis An Application To Morocco
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Author : Daniel Baksa
language : en
Publisher: International Monetary Fund
Release Date : 2021-07-16
A Simple Macrofiscal Model For Policy Analysis An Application To Morocco written by Daniel Baksa and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-16 with Business & Economics categories.
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.
Evolving Monetary Policy Frameworks In Low Income And Other Developing Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-10-23
Evolving Monetary Policy Frameworks In Low Income And Other Developing Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-23 with Business & Economics categories.
Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Industrial Policy In The Middle East And North Africa
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Author : Ahmed Galal
language : en
Publisher: American University in Cairo Press
Release Date : 2008-04-01
Industrial Policy In The Middle East And North Africa written by Ahmed Galal and has been published by American University in Cairo Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-01 with Business & Economics categories.
Most governments in the Middle East and North Africa (MENA) region use trade policy to protect certain industries, provide tax incentives to promote a particular type of investment, and make subsidized credit available to firms of a certain size. Such government intervention, known as industrial policy, is the topic of this book. The aim is to assess whether state intervention leads to net benefits to society, why policymakers intervene, and how to bring about a healthier balance between states and markets. Answers to these questions are given in six chapters based on research papers that were presented at a conference held in Cairo in November 2005, and include case studies on Egypt, Morocco, Turkey, and Jordan. Contributors: Hasan Ersel, Ahmed Galal, Najib Harabi, Nihal El Megharbel, Mustapha Nabli, and Marcus Noland. An Egyptian Center for Economic Studies / World Bank Publication
Frameworks For Tourism Research
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Author : Douglas G. Pearce
language : en
Publisher: CABI
Release Date : 2012-01-01
Frameworks For Tourism Research written by Douglas G. Pearce and has been published by CABI this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.
Frameworks are the foundation of good scholarship. They structure, organize and communicate research, underpin individual studies and shape the field of study as a whole. This book introduces students to the concept of frameworks in tourism research and provides a review, discussion and critique of frameworks. Theoretical, conceptual, analytical and integrative frameworks are all covered in detail, with the features, use, strengths and limitations of each from discussed and illustrated using a wide range of examples and applications across the field of tourism studies. It is suitable for acade.
Qpm Based Analysis Of Weather Shocks And Monetary Policy In Developing Countries
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Author : Valeriu Nalban
language : en
Publisher: International Monetary Fund
Release Date : 2025-05-23
Qpm Based Analysis Of Weather Shocks And Monetary Policy In Developing Countries written by Valeriu Nalban and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-23 with categories.
Weather-related shocks are of a supply-side nature and therefore present significant challenges for monetary policy. Using a Quarterly Projection Model (QPM) framework, this paper provides an overview of weather-relevant analytical exercises that help to understand the propagation channels of these shocks, the policy trade-offs they imply, and the ensuing implications for the conduct of monetary policy. The exercises highlight the important role of economic characteristics and frictions, such as the weight of food expenditures in the consumption basket, the GDP share of the agriculture sector, the degree of imports substituting for the damaged domestic agricultural supply, the extent of inflation expectations’ anchoring and central bank credibility, and the specific characteristics of the monetary policy framework, including the degree of exchange rate flexibility and the definition of the price stability objective. Overall, the extent of these characteristics and frictions in developing countries render them more vulnerable and constitute bigger challenges in monetary policy conduct relative to developed economies.
International Handbook Of Urban Policy
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Author : H. S. Geyer
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011
International Handbook Of Urban Policy written by H. S. Geyer and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Political Science categories.
This important Handbook reveals that most urban growth takes place in the less developed world and much of it represents over-urbanization that is, urbanization in which most migrants cannot effectively compete for employment, cannot find adequate shelter and do not have the means to feed themselves properly. Yet, compared to rural poverty, urban poverty is widely regarded as the lesser of the two evils. H.S. Geyer and his contributors highlight the enormous challenges posed by urbanization to decision makers at all levels of government. This final volume, in a series of three original reference works, covers four broad themes including: urban growth patterns; spatial issues; policy issues; and urban growth determinants. The chapters have been written not only for the advanced student and academics but also with undergraduate students in mind. The Handbook will appeal to scholars and researchers interested in international urban development issues.
Sustainable Development In Water Stressed Developing Countries
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Author : Satoshi Kojima
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01
Sustainable Development In Water Stressed Developing Countries written by Satoshi Kojima and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Business & Economics categories.
This innovative book investigates the practical applications of sustainable development in the spirit of the Brundtland Report, paying special attention to water-stressed developing countries. Satoshi Kojima argues that the main objective of sustainable development is poverty alleviation within the present generation without destroying those ecosystems underpinning life support systems. The policy implications of such sustainable development policies are investigated with an original quantitative policy analysis framework. Researchers in environmental, ecological and development economics will find this book of great interest. It will also appeal to researchers and scholars interested in water management and related issues."--BOOK JACKET.