Mossadak, Anas (2013): Monetary and Fiscal Policy in an Estimated DSGE Model for Morocco. Published in: British Journal of Science 1 , Vol. 9, No. 1 (2013): pp. 1-17.
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Abstract
In this study we estimate a Dynamic Stochastic General Equilibrium (DSGE) model using Bayesian techniques to analyse the effects of monetary and fiscal policy in Morocco. The results suggest that a positive monetary policy shock generates a diminution of consumption, investment, output and inflation. A positive shock on government expenditures produces an increase in output and wage but generates also a decrease in private consumption and investment due to an increase in inflation and interest rate. Finally, a positive shock on capital tax produces a decrease in investment and thus in output. In general, the duration of monetary shock is shorter than fiscal shock; the first vanishes in about 10 quarters and the latter is more persistent and lasts more than 15 quarters.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Monetary and Fiscal Policy in an Estimated DSGE Model for Morocco |
| Language: | English |
| Keywords: | DSGE, NKM, bayesian estimation, monetary policy, fiscal policy, impulses responses. |
| Subjects: | C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C63 - Computational Techniques ; Simulation Modeling E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies |
| Item ID: | 104579 |
| Depositing User: | Anas Mossadak |
| Date Deposited: | 17 Dec 2020 07:31 |
| Last Modified: | 17 Dec 2020 07:31 |
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| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/104579 |
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