Macroeconomic Responses to Terms-of-Trade Shocks : A Framework for Policy Analysis for the Argentine Economy »
Series: IMF Working Papers
Author(s): Pelin Berkmen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2009
Keywords: inflationary pressures, nominal interest rates
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...