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The Resilience of the Moroccan Economy Under Budgetary and Monetary Coordination: A Modeling Approach Using R Studio
[La Résilience de l’économie Marocaine sous la Coordination Budgétaire et Monétaire : Essai de Modélisation sous R studio]

Author

Listed:
  • Ahmed Hefnaoui

    (PEL - Laboratoire Performance Economique et Logistique (PEL))

  • Younes El Khattab
  • Imad Bassite
  • Youssef Ibnouzahir

Abstract

The objective of this study is to analyze the impact of the Policy-mix on Morocco's economic resilience by assessing the coordination between monetary and fiscal policies. The econometric approach relies on an SVAR model to examine the effects of fiscal and monetary instruments on key macroeconomic variables. The results indicate that monetary policy, particularly through inflation control, plays a crucial role in economic stabilization, while the impact of public spending on economic resilience appears more mixed. Impulse response functions reveal a negative reaction of resilience to inflationary and monetary shocks, as well as a limited influence of public spending on economic stability. Variance decomposition shows that inflation is primarily driven by money supply, whereas economic resilience is more influenced by fiscal policy. These findings highlight the need for better policy coordination to optimize shock management and strengthen macroeconomic stability.

Suggested Citation

  • Ahmed Hefnaoui & Younes El Khattab & Imad Bassite & Youssef Ibnouzahir, 2025. "The Resilience of the Moroccan Economy Under Budgetary and Monetary Coordination: A Modeling Approach Using R Studio [La Résilience de l’économie Marocaine sous la Coordination Budgétaire et Monéta," Post-Print hal-05175083, HAL.
    • Handle: RePEc:hal:journl:hal-05175083
    DOI: 10.5281/zenodo.16281871
    Note: View the original document on HAL open archive server: https://hal.science/hal-05175083v1
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