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How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence†

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence† »

Source: How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence

Volume/Issue: 2012/143

Series: IMF Working Papers

Author(s): Prachi Mishra , and Peter Montiel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

ISBN: 9781475504064

Keywords: exchange rate, interest rate, institutions, monetary transmission, aggregate demand, central bank, price level, Effective Is Monetary Transmission, Macroeconomic Analyses of Economic Development,

This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such...

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence »

Volume/Issue: 2012/143

Series: IMF Working Papers

Author(s): Prachi Mishra , and Peter Montiel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

DOI: http://dx.doi.org/10.5089/9781475504064.001

ISBN: 9781475504064

Keywords: exchange rate, interest rate, institutions, monetary transmission, aggregate demand, central bank, price level, Effective Is Monetary Transmission, Macroeconomic Analyses of Economic Development,

This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such...

The Short-Run Macroeconomics of Aid Inflows
			: Understanding the Interaction of Fiscal and Reserve Policy

The Short-Run Macroeconomics of Aid Inflows : Understanding the Interaction of Fiscal and Reserve Policy »

Volume/Issue: 2010/65

Series: IMF Working Papers

Author(s): Luis-Felipe Zanna , Andrew Berg , Tokhir Mirzoev , and Rafael Portillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

DOI: http://dx.doi.org/10.5089/9781451982091.001

ISBN: 9781451982091

Keywords: transfer problem, real exchange rate, inflation, central bank, real wages, real interest rates, Open Economy Macroeconomics,

We develop a tractable open-economy new-Keynesian model with two sectors to analyze the short-term effects of aid-financed fiscal expansions. We distinguish between spending the aid, which is under the control of t...

The Short-Run Macroeconomics of Aid Inflows

The Short-Run Macroeconomics of Aid Inflows »

Source: The Short-Run Macroeconomics of Aid Inflows : Understanding the Interaction of Fiscal and Reserve Policy

Volume/Issue: 2010/65

Series: IMF Working Papers

Author(s): Luis-Felipe Zanna , Andrew Berg , Tokhir Mirzoev , and Rafael Portillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982091

Keywords: transfer problem, real exchange rate, inflation, central bank, real wages, real interest rates, Open Economy Macroeconomics,

We develop a tractable open-economy new-Keynesian model with two sectors to analyze the short-term effects of aid-financed fiscal expansions. We distinguish between spending the aid, which is under the control of t...