02546nam 2200565Ia 450 991046399940332120170821160650.01-4623-5274-X1-4527-7529-X1-4518-7264-X97866128433271-282-84332-X(CKB)3170000000055274(EBL)1608307(SSID)ssj0000942103(PQKBManifestationID)11514431(PQKBTitleCode)TC0000942103(PQKBWorkID)10972882(PQKB)11488725(OCoLC)645158378(MiAaPQ)EBC1608307(EXLCZ)99317000000005527420090914d2009 uf 0engur|n|---|||||txtccrMacroeconomic responses to terms-of-trade shocks[electronic resource] a framework for policy analysis for the Argentine economy /prepared by Pelin Berkmen[Washington, D.C.] International Monetary Fund, Western Hemisphere Dept.20091 online resource (36 p.)IMF working paper ;WP/09/117"May 2009."1-4519-1694-9 Contents; I. Introduction; II. Literature; III. The GIMF Model; IV. Calibration; V. Policy Analysis; A. Baseline Scenario; B. A More Active Monetary Policy; C. Countercyclical Fiscal Policy; D. A Combination of Both Fiscal and Monetary Policies; IV. Conclusion; References; Appendix; 1. CalibrationThis paper presents a version of the global integrated monetary fiscal (GIMF) model adapted and calibrated to the Argentine economy. The model replicates the effect of the strong improvement in Argentina's terms of trade stemming from higher world commodity prices as well as other key economic trends in Argentina during the period 2003-2007. The model can be used to assess the potential impact of different combinations of monetary and fiscal policies on output, inflation, and the external trade.IMF working paper ;WP/09/117.Terms of tradeArgentinaArgentinaEconomic policyElectronic books.Terms of tradeBerkmen Pelin874360International Monetary Fund.Western Hemisphere Dept.MiAaPQMiAaPQMiAaPQBOOK9910463999403321Macroeconomic responses to terms-of-trade shocks1985335UNINA