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10 On the First-Round Effects of International Food Price Shocks

10 On the First-Round Effects of International Food Price Shocks »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction In this chapter 1 we use a stylized open-economy model to define, analytically, first-round effects on inflation stemming from intern...

8 On the Role of Money Targets in the Monetary Policy Framework in SSA

8 On the Role of Money Targets in the Monetary Policy Framework in SSA »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction This chapter introduces a theme to which we return in several of the chapters of the book—the role of money targets. This theme grows out of the fact that, as discusse...

15 On the Sources of Inflation in Kenya A Model-Based Approach

15 On the Sources of Inflation in Kenya A Model-Based Approach »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction Central banks in sub-Saharan Africa (SSA) have had a mixed inflation performance in recent years. 1 On the one hand, since the early...

Part I Empirical Evidence

Part I Empirical Evidence »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

...

Part II Analytical Issues Relevant for Monetary Policy Analysis in Sub-Saharan Africa

Part II Analytical Issues Relevant for Monetary Policy Analysis in Sub-Saharan Africa »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

...

Part III Applied Models for Policy Analysis and Forecasting in SSA: Selected Case Studies

Part III Applied Models for Policy Analysis and Forecasting in SSA: Selected Case Studies »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

...

5 The Monetary Transmission Mechanism

5 The Monetary Transmission Mechanism »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction In this chapter, we attempt to learn about the transmission mechanism by looking closely at a set of related cases in which policymakers in four countries (Kenya, Ugan...

12 The Short-Run Macroeconomics of Aid Inflows

12 The Short-Run Macroeconomics of Aid Inflows »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction African countries are exposed to a variety of external shocks, which can generate large swings in output, inflation, and the balance of payments. The impact on the dom...