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

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Price:  $18.00

Author/Editor: Pelin Berkmen
Release Date: © May, 2009
ISBN : 978-1-45187-264-4
Stock #: WPIEA2009117
Stock Status: On back-order

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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.


Demand , Economic development , Economic policy , Fiscal policy , Inflation , International trade , Monetary policy

More publications in this series: Working Papers

More publications by: Pelin Berkmen