Logo
Munich Personal RePEc Archive

Monetary and Fiscal Policy in an Estimated DSGE Model for Morocco

Mossadak, Anas (2013): Monetary and Fiscal Policy in an Estimated DSGE Model for Morocco. Published in: British Journal of Science 1 , Vol. 9, No. 1 (2013): pp. 1-17.

[thumbnail of MPRA_paper_104579.pdf]
Preview
PDF
MPRA_paper_104579.pdf

Download (1MB) | Preview

Abstract

In this study we estimate a Dynamic Stochastic General Equilibrium (DSGE) model using Bayesian techniques to analyse the effects of monetary and fiscal policy in Morocco. The results suggest that a positive monetary policy shock generates a diminution of consumption, investment, output and inflation. A positive shock on government expenditures produces an increase in output and wage but generates also a decrease in private consumption and investment due to an increase in inflation and interest rate. Finally, a positive shock on capital tax produces a decrease in investment and thus in output. In general, the duration of monetary shock is shorter than fiscal shock; the first vanishes in about 10 quarters and the latter is more persistent and lasts more than 15 quarters.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.