LEADER 03968oam 22010574 450 001 9910788334103321 005 20230721045717.0 010 $a1-4623-5274-X 010 $a1-4527-7529-X 010 $a1-4518-7264-X 010 $a9786612843327 010 $a1-282-84332-X 035 $a(CKB)3170000000055274 035 $a(EBL)1608307 035 $a(SSID)ssj0000942103 035 $a(PQKBManifestationID)11514431 035 $a(PQKBTitleCode)TC0000942103 035 $a(PQKBWorkID)10972882 035 $a(PQKB)11488725 035 $a(OCoLC)645158378 035 $a(MiAaPQ)EBC1608307 035 $a(IMF)WPIEE2009117 035 $a(EXLCZ)993170000000055274 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMacroeconomic Responses to Terms-of-Trade Shocks : $eA Framework for Policy Analysis for the Argentine Economy /$fPelin Berkmen 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (36 p.) 225 1 $aIMF Working Papers 300 $a"May 2009." 311 $a1-4519-1694-9 327 $aContents; 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. Calibration 330 3 $aThis paper presents a version of the global integrated monetary fiscal (GIMF) model adapted and calibrated to the Argentine economy. The model replicates the effect of the strong improvement in Argentina's terms of trade stemming from higher world commodity prices as well as other key economic trends in Argentina during the period 2003-2007. The model can be used to assess the potential impact of different combinations of monetary and fiscal policies on output, inflation, and the external trade. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/117 606 $aTerms of trade$zArgentina 606 $aInvestments: Commodities$2imf 606 $aForeign Exchange$2imf 606 $aInvestments: General$2imf 606 $aPublic Finance$2imf 606 $aFiscal Policy$2imf 606 $aCommodity Markets$2imf 606 $aInvestment$2imf 606 $aCapital$2imf 606 $aIntangible Capital$2imf 606 $aCapacity$2imf 606 $aMacroeconomics$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aInvestment & securities$2imf 606 $aFiscal policy$2imf 606 $aCommodities$2imf 606 $aExchange rate arrangements$2imf 606 $aConventional peg$2imf 606 $aReturn on investment$2imf 606 $aCommercial products$2imf 606 $aSaving and investment$2imf 607 $aArgentina$xEconomic policy 607 $aArgentina$2imf 615 0$aTerms of trade 615 7$aInvestments: Commodities 615 7$aForeign Exchange 615 7$aInvestments: General 615 7$aPublic Finance 615 7$aFiscal Policy 615 7$aCommodity Markets 615 7$aInvestment 615 7$aCapital 615 7$aIntangible Capital 615 7$aCapacity 615 7$aMacroeconomics 615 7$aCurrency 615 7$aForeign exchange 615 7$aInvestment & securities 615 7$aFiscal policy 615 7$aCommodities 615 7$aExchange rate arrangements 615 7$aConventional peg 615 7$aReturn on investment 615 7$aCommercial products 615 7$aSaving and investment 700 $aBerkmen$b Pelin$01472677 712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788334103321 996 $aMacroeconomic Responses to Terms-of-Trade Shocks$93685546 997 $aUNINA