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How Useful is Monetary Econometrics in Low-Income Countries? T+L3104he Case of Money Demand and the Multipliers in Rwanda

How Useful is Monetary Econometrics in Low-Income Countries? T+L3104he Case of Money Demand and the Multipliers in Rwanda »

Source: How Useful is Monetary Econometrics in Low-Income Countries? T+L3104he Case of Money Demand and the Multipliers in Rwanda

Volume/Issue: 2005/178

Series: IMF Working Papers

Author(s): Gabriel Di Bella , and David Hauner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451861976

Keywords: money multiplier, monetary base, money balances, inflation,

This paper revisits the usefulness of econometric monetary analysis in low-income countries in a case study on Rwanda, an interesting case given its floating exchange rate and reliance on indirect monetary policy i...

International Comparisons of Money Demand

International Comparisons of Money Demand »

Source: International Comparisons of Money Demand : A Review Essay

Volume/Issue: 1992/7

Series: IMF Working Papers

Author(s): James Boughton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

ISBN: 9781451842357

Keywords: money demand, inflation, money balances, monetary economics

Many studies of the demand for money, covering a wide variety of economies, have demonstrated the importance of financial innovations and shifts in monetary policy regimes, but they have also illustrated the diffic...

Money Demand in the Netherlands

Money Demand in the Netherlands »

Source: Money Demand in the Netherlands

Volume/Issue: 1991/57

Series: IMF Working Papers

Author(s): Bob Traa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1991

ISBN: 9781451967166

Keywords: money demand, equation, money stock, money balances, liquidity ratio

This paper analyzes the demand for narrow money balances in the Netherlands. Demand for narrow money balances had increased markedly in relation to GNP in the Netherlands throughout the 1980s. This phenomenon could...

Economic Reform and the Demand for Money in China*

Economic Reform and the Demand for Money in China* »

Source: Economic Reform and the Demand for Money in China

Volume/Issue: 1990/42

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1990

ISBN: 9781451975543

Keywords: inflation, money demand, money balances, monetary policy, demand for money

Error correction models of the demand for a range of monetary aggregates in China are estimated with quarterly data for the period 1983-88. The estimated models fit the data reasonably well and appear to be relativ...

Modeling Buffer Stock Money

Modeling Buffer Stock Money »

Source: Modeling Buffer Stock Money : An Appraisal

Volume/Issue: 1988/41

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 1988

ISBN: 9781451976236

Keywords: money supply, money demand, demand for money, money stock, money balances

The buffer stock role of absorbing temporary discrepancies between purchases and sales is assigned to money because money, being the most liquid of all assets, performs the buffer function best. However, as this pa...

Welfare Cost of (Low) Inflation

Welfare Cost of (Low) Inflation »

Source: Welfare Cost of (Low) Inflation : A General Equilibrium Perspective

Volume/Issue: 1998/111

Series: IMF Working Papers

Author(s): Howell Zee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

ISBN: 9781451853445

Keywords: taxation, welfare, general equilibrium, money stock, real money, money balances, money demand

This paper provides general equilibrium estimates of the steady-state welfare gains of lowering inflation from a low level to close to price stability, using an overlapping-generations growth model. Money demand is...

Suppressed Inflation and Money Demand in Zimbabwe

Suppressed Inflation and Money Demand in Zimbabwe »

Source: Suppressed Inflation and Money Demand in Zimbabwe

Volume/Issue: 2006/15

Series: IMF Working Papers

Author(s): Sònia Muñoz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862751

Keywords: and Repressed Regime, money balances, real money, Repressed Regime,

The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The substantial decline in velocity and increasing levels of real money balances during 2004 are at odds w...

Money Demand and Inflation in Madagascar

Money Demand and Inflation in Madagascar »

Source: Money Demand and Inflation in Madagascar

Volume/Issue: 2005/236

Series: IMF Working Papers

Author(s): Koffie Ben Nassar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862553

Keywords: cointegration, monetary fund, money balances, Exchange Rate,

This paper uses a two-sector model to estimate the relationship between prices, money, and the exchange rate in Madagascar during the period 1982-2004. The estimated model, using quarterly data, finds a stable long...

Money, Wages and Inflation in Middle-Income Developing Countries

Money, Wages and Inflation in Middle-Income Developing Countries »

Source: Money, Wages and Inflation in Middle-Income Developing Countries

Volume/Issue: 1997/174

Series: IMF Working Papers

Author(s): Pierre-Richard Agénor , and Alexander Hoffmaister

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1997

ISBN: 9781451976991

Keywords: Determinants of inflation, and generalized VAR analysis, real wages, money growth, money balances, real money

This paper examines the short-run links between money growth, exchange rate depreciation, nominal wage growth, the output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized vector autoregre...

Macroeconomic Models for the PC+L862

Macroeconomic Models for the PC+L862 »

Source: Macroeconomic Models for the PC+L862

Volume/Issue: 1992/110

Series: IMF Working Papers

Author(s): Willem Bier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1992

ISBN: 9781451853261

Keywords: money supply, balance of payments, inflation, domestic prices, demand for money

This paper describes a computer program with which one can build macroeconomic models. It is possible to specify up to eighteen behavioral equations, each with between five and eleven independent variables. For cer...