Showing 1 - 10 of 311
In a case study of Burundi, Kenya, Rwanda, Tanzania, and Uganda, this paper finds that bilateral real exchange rates …
Persistent link: https://www.econbiz.de/10014400715
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 currently …
Persistent link: https://www.econbiz.de/10014401749
Tanzania’s adjustment program, which began in the mid-1980s, was accompanied by a sharp increase in the levels of … Tanzania, by adjusting the macroeconomic database to correct for data deficiencies in several important respects. A subsequent … comparison with other sub-Saharan African countries shows that, contrary to traditional interpretation, Tanzania’s increased …
Persistent link: https://www.econbiz.de/10014398189
We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing...
Persistent link: https://www.econbiz.de/10014402924
This paper builds on the methodology developed by Chudik and Mongardini (2007) to estimate the relationship between grants and remittances and the equilibrium real exchange rate in Sub-Saharan African (SSA) countries using panel techniques. The results indicate that grants and remittances are...
Persistent link: https://www.econbiz.de/10014403076
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/10014401383
We develop a simple macroeconomic model that assesses the effects of higher foreign aid on output growth and other macroeconomic variables, including the real exchange rate. The model is easily tractable and requires estimation of only a few basic parameters. It takes into account the impact of...
Persistent link: https://www.econbiz.de/10014403185
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
Persistent link: https://www.econbiz.de/10009488223
de facto pursuing a strategy more akin to a Taylor Rule. Estimations of small-scale models for Kenya, Uganda and Tanzania … place in Kenya and Tanzania. In Uganda, these errors are much smaller, in fact similar in size to Taylor Rule deviations …
Persistent link: https://www.econbiz.de/10011445839