Que coûtent les mésalignement du taux de change à l’économie Marocaine ?

الملخص EN

The aimof this thesis is to analyze the impact of equilibrium real exchange rate’s misalignments on the macroeconomic balance.

To achieve this objective, we opted forthe CGER method developed by IMF’s experts.

In 2006, according to the results of our study, the annual evolution of the misalignments following geometric average, during 2006-2011, is around 2.5 %.

Thus, misalignment’s studies in MEGC has been recognized as the best, to assess the misalignment’s effects on the macroeconomic stability.

The model, adapted to the national economy, used in this study is a static model based on the MCS (2007).

The main macroeconomics results of the misalignment’s impact are: A probable loss on real GDP around 3 billion dirhams, private and public consumption, respectively, around 2.5 billion and 1.3 billion dirhams.

Though, the aggregates having benefited from a rise, are the local production and the intermediate consumption.