Monetary and Fiscal Policies and the Dynamics of the Yield Curve in Morocco is popular PDF and ePub book, written by Mr.Calixte Ahokpossi in 2016-08-16, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Monetary and Fiscal Policies and the Dynamics of the Yield Curve in Morocco can be Read Online from any device for your convenience.
Monetary and Fiscal Policies and the Dynamics of the Yield Curve in Morocco Book PDF Summary
We estimate the latent factors that underlie the dynamics of the sovereign bond yield curve in Morocco during 2004–14 based on the Dynamic Nelson-Siegel model. On this basis, we explore the interaction between macroeconomic variables and the yield curve, which is of direct relevance to macroeconomic policy-making. In Morocco’s context, we find that tighter monetary policy increases short-end maturities, and that the impact is small and short-lived. Economic activity is also briefly but significantly impacted, suggesting that even under a pegged exchange rate, monetary policy autonomy and effectiveness can be increased through greater central bank independence. Fiscal improvements significantly lower yield levels. Policy conclusions are that improvement in the fiscal and monetary policy frameworks, as well as greater financial sector development and inclusion, could benefit Morocco and strengthen the transmission mechanisms and effectiveness of macroeconomic policies.
Detail Book of Monetary and Fiscal Policies and the Dynamics of the Yield Curve in Morocco PDF
- Author : Mr.Calixte Ahokpossi
- Release : 16 August 2016
- Publisher : International Monetary Fund
- ISBN : 9781475526295
- Genre : Business & Economics
- Total Page : 31 pages
- Language : English
- PDF File Size : 16,8 Mb
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