Title A model for financial programming / prepared by Jan G. Mikkelsen

Published [Washington, D.C.] : International Monetary Fund, Western Hemisphere Department, 1998

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Description 1 online resource (31 pages) Series IMF working paper ; WP/98/80 IMF working paper ; WP/98/80 Summary A consistent and transparent framework for the financial programming exercise requires a precise description of the relationship between program instruments and program objectives. The purpose of this paper is to present a simple simulation model that enables the formulation of a consistent growth-oriented medium-term adjustment program. The ultimate objective, however, is to provide a starting point for a basic tool that facilitates the financial programming and contributes to enhance productivity in the IMF's country work. Therefore, the final output of the model would be a range of performance criteria (basically the same set currently used in programs), which are supposed to provide the basis for the adjustment program, together with a complete set of consistent accounts for the real, monetary, public, and external sectors. By introducing the financial programming exercise into the framework of a model, changes in program assumptions -- including revised historical data, new projections of variables determined outside the model, and changes in program objectives -- could more easily be analyzed and the implications for the various sectors of the economy would immediately be detected. To demonstrate the practical applications of the model, simulations on data from El Salvador is made available in Excel using the solver utility Bibliography Includes bibliographical references (pages 22-23) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Monetary policy -- El Salvador -- Econometric models Fiscal policy -- El Salvador -- Econometric models Economic policy -- Econometric models Fiscal policy -- Econometric models Monetary policy -- Econometric models SUBJECT El Salvador -- Economic policy -- Econometric models Subject El Salvador Form Electronic book Author International Monetary Fund, issuing body International Monetary Fund. Western Hemisphere Department ISBN 1451896441 9781451896442 1281602000 9781281602008 1462301541 9781462301546 1452712921 9781452712925 9786613782694 6613782696 ISSN 2227-8885

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