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Tanzania's real effective exchange rate (REER) has depreciated sharply since end-2000, reversing the appreciation that … approach, suggest that Tanzania's REER is currently modestly undervalued relative to its estimated equilibrium level. Looking … expected recovery in terms of trade. In addition, capital inflows to Tanzania could be significantly higher than cu …
Persistent link: https://www.econbiz.de/10012677457
A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no longrun impact on the real exchange rate. A decline in the traded sector occurs because...
Persistent link: https://www.econbiz.de/10012677656
Intro -- Contents -- I. INTRODUCTION -- II. MONEY, EXCHANGE RATES, AND INFLATION IN TANZANIA -- III. A SURVEY OF THE …
Persistent link: https://www.econbiz.de/10012690980
A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent …, may serve Tanzania better. The ""diamond rule"" proposed in this paper incorporates a permanent hard ceiling on debt and …
Persistent link: https://www.econbiz.de/10012677495
fluctuations, raising the incidence of poverty. Drawing on micro-level data from South Africa and Tanzania, we examine the … are most prevalent and which consumption-smoothing mechanisms are available. In Tanzania, agricultural shocks are an …
Persistent link: https://www.econbiz.de/10014407884
financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship between … investment in Tanzania. The second part of the paper looks at five broad options for mobilizing additional resources to meet … Tanzania's infrastructure needs: (i) direct private investment and PPPs, (ii) expenditure reprioritization and efficiency, (iii …
Persistent link: https://www.econbiz.de/10014409074
Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the real exchange rate. Using a two-sector dependent open economy model with...
Persistent link: https://www.econbiz.de/10009572527
Intro -- Contents -- I. INTRODUCTION -- II. THE MACROECONOMIC BALANCE APPROACH -- III. THE EXTENDED PPP APPROACH: SINGLE-COUNTRY ESTIMATES -- IV. THE EXTENDED PPP APPROACH: PANEL DATA ESTIMATES -- V. CONCLUDING REMARKS -- APPENDIX. METHODOLOGICAL DIFFICULTIES OF DEALING WITH SLOPE HETEROGENEITY...
Persistent link: https://www.econbiz.de/10012690973
Persistent link: https://www.econbiz.de/10012690990
Persistent link: https://www.econbiz.de/10012691034