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The monetary transmission mechanism in the tropics : a narrative approach
Berg, Andrew; Charry, Luisa; Portillo, Rafael; Vlček, Jan - 2013
policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find …
Persistent link: https://www.econbiz.de/10012667505
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Quarterly projection model for the National Bank of Rwanda
Vlček, Jan; Pranovich, Mikhail; Hitayezu, Patrick; … - 2020
National Bank of Rwanda (BNR) modernized monetary policy and transited to the price-based policy framework in January …
Persistent link: https://www.econbiz.de/10012487178
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An Estimated Dsge Model for Monetary Policy Analysis in Low-Income Countries
Peiris, Shanaka J. - 2007
This paper evaluates monetary policy-tradeoffs in low-income countries using a dynamic stochastic general equilibrium (DSGE) model estimated on data for Mozambique taking into account the sources of major exogenous shocks, and level of financial development. To our knowledge this is a first...
Persistent link: https://www.econbiz.de/10014401065
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Robust measures of core inflation for Vietnam
Kalra, Sanjay; Bui Thi Trang Dzung - 2016
The paper develops robust measures of core inflation for Vietnam that can be used in policy making. These core … inflation measures (CIMs) are based on an analytical evaluation of the inflation process in Vietnam, and use a filtering … available, making them valuable tools for the State Bank of Vietnam on an ongoing basis …
Persistent link: https://www.econbiz.de/10011436747
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Inflation dynamics and monetary policy transmission in Vietnam and emerging Asia
Bhattacharya, Rina - 2013
This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …
Persistent link: https://www.econbiz.de/10012667557
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Policy responses to aid surges in countries with limited international capital mobility : the role of the exchange rate regime
Berg, Andrew; Portillo, Rafael; Zanna, Luis-Felipe - 2014
Persistent link: https://www.econbiz.de/10010389564
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Monetary Policy Rules for Managing Aid Surges in Africa
Buffie, Edward F. - 2007
Since the turn of the century, aid flows to Africa have increased on average and become more volatile. As a result, policymakers, particularly in post-stabilization countries where inflation has only recently been brought under control, have been increasingly preoccupied with how best to deploy...
Persistent link: https://www.econbiz.de/10014400327
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The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios
Portillo, Rafael - 2010
calibrate the model to Uganda and run several experiments. We find that a policy mix that results in full spending and …
Persistent link: https://www.econbiz.de/10014402924
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The Macroeconomic Challenges of Scaling Up Aid to Africa
Yang, Yongzheng - 2005
This paper surveys the economic literature on the scaling-up of aid to Africa. It provides a checklist of issues that need to be considered when preparing a long term macroeconomic projection for a country involving the assumption of a significant increase in aid. Such scaling-up scenarios are...
Persistent link: https://www.econbiz.de/10014404188
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Policy Responses to Aid Surges in Countries with Limited International Capital Mobility : The Role of the Exchange Rate Regime
Berg, Andrew - 2014
We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption — an increase in the current account deficit net of aid—delivering the same effects as those...
Persistent link: https://www.econbiz.de/10014394328