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

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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Bibliographic Details
Main Author: Berkmen, Pelin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Exchange rate arrangements 
653 |a Investment 
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653 |a Currency; Foreign exchange 
653 |a Fiscal Policy 
653 |a Fiscal policy 
653 |a Intangible Capital 
653 |a Investments: Commodities 
653 |a Commodities 
653 |a Foreign Exchange 
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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