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Macroeconomic Responses to Terms-of-Trade Shocks.

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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Berkmen, Pelin
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Macroeconomic Responses to Terms-of-Trade Shocks. 
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505 0 |a 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. 
520 |a 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. 
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