Since 2014
A Small Scale Macroeconomic Model for Morocco
Journal of Economics and Political Economy
View Archive Info| Field | Value | |
| Title |
A Small Scale Macroeconomic Model for Morocco
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| Creator |
OUKHALLOU, Youssef; Mohammed V University of Rabat, the Faculty of Economics and Law (Agdal), Applied Economics Laboratory. president@jeunesdecideurs.org / Phone: +212 661710495 ORCID: 0000-0001-5816-1198 MRABTI, Abla; Mohammed V University of Rabat, the Faculty of Economics and Law (Agdal), Applied Economics Laboratory. a.mrabti@domaines.gov.ma / Phone: +212 661474007 ORCID: 0000-0002-7901-7854 |
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| Subject |
Small scale model; Forward-looking expectations; Monetary policy,;Fixed exchange regime.
C32; E12; E17; E43; E47. |
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| Description |
Abstract. In this research paper, we build a New Keynesian reduced-form macroeconomic model for Morocco. The model encompasses three main blocks: an aggregate demand equation (IS curve), a price-setting equation (Phillips curve) and a Taylor-type monetary policy rule. In our model, we consider a significant forward-looking component when explaining inflation dynamics, which enables us to include agent’s expectations. The downstream aim of this work is to provide the research community with new possibilities in terms of economic workhorse modelling, particularly for monetary policy analysis purposes.Keywords. Small scale model, Forward-looking expectations, Monetary policy, Fixed exchange regime.JEL. C32, E12, E17, E43, E47.
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| Publisher |
Journal of Economics and Political Economy
Journal of Economics and Political Economy |
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| Contributor |
—
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| Date |
2017-06-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEPE/article/view/1317
10.1453/jepe.v4i2.1317 |
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| Source |
Journal of Economics and Political Economy; Vol 4, No 2 (2017): June; 159-177
Journal of Economics and Political Economy; Vol 4, No 2 (2017): June; 159-177 2148-8347 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEPE/article/view/1317/1268
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| Rights |
Copyright (c) 2017 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0 |
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