Macroeconomic Responses to Terms-of-Trade Shocks : : A Framework for Policy Analysis for the Argentine Economy / / Pelin Berkmen

• Autore: Berkmen Pelin
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Descrizione fisica: 1 online resource (36 p.)
• Soggetto topico: Terms of trade - Argentina; Investments: Commodities; Foreign Exchange; Investments: General; Public Finance; Fiscal Policy; Commodity Markets; Investment; Capital; Intangible Capital; Capacity; Macroeconomics; Currency; Foreign exchange; Investment & securities; Fiscal policy; Commodities; Exchange rate arrangements; Conventional peg; Return on investment; Commercial products; Saving and investment
• Soggetto geografico: Argentina Economic policy; Argentina
• Note generali: "May 2009."
• Nota di contenuto: 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. Calibration
• Sommario/riassunto: This 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.
• Titolo autorizzato: Macroeconomic Responses to Terms-of-Trade Shocks
• ISBN: 1-4623-5274-X; 1-4527-7529-X; 1-4518-7264-X; 9786612843327; 1-282-84332-X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788334103321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/117