Mwabutwa, Chance; Bittencourt, Manoel; Viegi, Nicola - Economic Research Southern Africa (ERSA) - 2013
This paper estimates a Bayesian Dynamic Stochastic General Equilibrium (DSGE) model of Malawi and uses it to account for short-run monetary policy response to aid inflows between 1980 and 2010. In particular, the paper evaluates the existence of a “Dutch Disease†following an increase...