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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
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
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
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
Persistent link: https://www.econbiz.de/10010389564
This paper studies how macroeconomic policies can help offset two unintended and undesirable features of foreign aid: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance volatility and that foreign aid, with the important exception of years of adverse...
Persistent link: https://www.econbiz.de/10014401877
aid is spent but not absorbed. The results from our model can help understand the recent experience of Uganda, which saw …
Persistent link: https://www.econbiz.de/10014402820
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
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
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