A Model for Financial Programming

June 1, 1998

Preview Citation

Format: Chicago

Jan Giehm Mikkelsen. A Model for Financial Programming, (USA: International Monetary Fund, 1998) accessed September 27, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper presents a simple simulation model that enables the formulation of a consistent growth-oriented, medium-term adjustment program. The applied version is available in Excel (using data for El Salvador) and can be used directly as a financial programming tool that provides a range of standard IMF performance criteria together with a complete set of consistent accounts for the real, monetary, public, and external sectors of the economy. Medium- and long-term growth considerations are incorporated through a neoclassical production function at the same time as monetary and fiscal policies are adjusted to satisfy the requirements for internal and external balance.

Subject: Central banks, Consumption, Disposable income, Exchange rates, Foreign exchange, International reserves, National accounts, Private consumption

Keywords: Central bank, Consumption, Disposable income, Economic growth, El Salvador, Exchange rates, Financial programming, Financing gap, GDP deflator, Goods price, International reserves, Monetary policy requirements, Price level, Private consumption, Rate of inflation, Simulation models, WP

Publication Details

Pages:

31
Volume:

---
DOI:

---
Issue:

---
Series:

Working Paper No. 1998/080
Stock No:

WPIEA0801998
ISBN:

9781451850277
ISSN:

1018-5941

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Working Papers