TY - BOOK ID - 85504642 TI - Morocco: A Practical Approach to Monetary Policy Analysis in a Country with Capital Controls AU - Benlamine, Mokhtar. AU - Bulir, Ales. AU - Farouki, Meryem. AU - Horváth, Ágnes. AU - Hossaini, Faical. AU - El Idrissi, Hasnae. AU - Iraoui, Zineb. PY - 2018 SN - 1484342623 1484342607 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Foreign Exchange KW - Inflation KW - Monetary Policy KW - Money and Interest Rates: Forecasting and Simulation KW - Model Construction and Estimation KW - Price Level KW - Deflation KW - Currency KW - Foreign exchange KW - Macroeconomics KW - Conventional peg KW - Exchange rate arrangements KW - Exchange rate flexibility KW - Exchange rates KW - Prices KW - Morocco UR - https://www.unicat.be/uniCat?func=search&query=sysid:85504642 AB - The Central Bank of Morocco has been working on developing a Forecasting and Policy Analysis System (FPAS) to support a gradual move toward a more flexible exchange rate regime and the eventual adoption of a full-fledged inflation-targeting (IT) regime. At the center of the FPAS is a quarterly projection model that was tailored for two different types of exchange rate regimes. Presently, the fixed exchange rate model version is to be used during the pre-IT period, while the flexible exchange rate model version is to be used to prepare alternative scenarios for monetary policy decision makers to discuss the potential policy implications of shocks under an IT regime. ER -