Daniel Baksa

More Gray, More Volatile? Aging and (Optimal) Monetary Policy

The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation. Based on advanced economies’...

A Simple Macrofiscal Model for Policy Analysis: An Application to Morocco

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. The model focuses on only a few variab...

Using Macroeconomic Frameworks to Analyze the Impact of COVID-19

An Application to Colombia and Cambodia

This technical note and manual (TNM) addresses the following issues: • Evaluating the full implications from the policies adopted to mitigate the im...

The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia

This paper presents an overview of the Ararat Fiscal Strategy Model (AFSM), which is a structural, New-Keynesian, DSGE, small open economy model with ...

An Extended Quarterly Projection Model for the Central Bank of Jordan

The Central Bank of Jordan (CBJ) has developed a Forecasting and Policy Analysis System (FPAS) to serve as a reliable analytical framework for macroec...

Parametric Pension Reform Options in Korea

Population aging in Korea will pose substantial challenges to the financial sustainability of its public pension system. Under current policies and pl...

A Simple Macrofiscal Model for Policy Analysis: an Application to Cambodia

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. Our canonical model is adapted to Camb...

A Framework for Assessing the Costs of Pension Reform Reversals

Several European countries are currently considering reversing parts of their pension reforms that were adopted previously to improve sustainability. ...