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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...
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financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where … lacking traditional tools to effect monetary policy transmission, and hence could resort to more direct instruments, such as …
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