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A Simple Macrofiscal Model for Policy Analysis: An Application to Cambodia

Author

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  • Daniel Baksa
  • Mr. Aleš Bulíř
  • Dyna Heng

Abstract

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. Our canonical model is adapted to Cambodia and we demonstrate its application with an illustrative scenario of macroeconomic effects of the Covid-19 pandemic. Complemented with near-term forecasting tools and expert judgment, the dynamics of the model helps to inform policymakers about medium-term transmission channels and thus guide policy advice.

Suggested Citation

  • Daniel Baksa & Mr. Aleš Bulíř & Dyna Heng, 2020. "A Simple Macrofiscal Model for Policy Analysis: An Application to Cambodia," IMF Working Papers 2020/202, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2020/202
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    Cited by:

    1. Pongpitch Amatyakul & Tosapol Apaitan & Savaphol Hiruntiaranakul & Nuwat Nookhwun, 2021. "Revisiting Thailand's Monetary Policy Model for an Integrated Policy Analysis," PIER Discussion Papers 164, Puey Ungphakorn Institute for Economic Research.

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