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Monetary Policy in Sub-Saharan Africa

Monetary Policy in Sub-Saharan Africa »

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

DOI: http://dx.doi.org/10.5089/9780198785811.071

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

Monetary policy in sub-Sahara Africa (SSA) has undergone an important transformation in recent decades. With the advent of sustained growth and generally stable fiscal policies in much of the region, many countries...

Perspectives économiques régionales, Avril 2008 
			: Afrique subsaharienne

Perspectives économiques régionales, Avril 2008 : Afrique subsaharienne »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2008

Language: French

DOI: http://dx.doi.org/10.5089/9781589067127.086

ISBN: 9781589067127

Keywords: inflation, exchange rate, monetary policy, capital inflows, exchange rate regime, capital flows, electricity, bonds, monetary fund, inflation targeting

The region's prospects continue to be promising, but global developments pose increased risks to the outlook. Growth in sub-Saharan Africa should again average about 61/2 percent in 2008 with oil exporters leading...

Perspectives économiques régionales, Octobre 2010 
			: Afrique subsaharienne: Résilience et risques

Perspectives économiques régionales, Octobre 2010 : Afrique subsaharienne: Résilience et risques »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 October 2010

Language: French

DOI: http://dx.doi.org/10.5089/9781589069657.086

ISBN: 9781589069657

Keywords: exchange rate, inflation, monetary policy, exchange rate regimes, oil exporters, fixed exchange rate, exchange rates, floating exchange rate, importing countries, oil-importing countries

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic...

Perspectives économiques régionales, Avril 12
			: Afrique subsaharienne: Entretenir la croissance dans un climat mondial d'incertitude

Perspectives économiques régionales, Avril 12 : Afrique subsaharienne: Entretenir la croissance dans un climat mondial d'incertitude »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2012

Language: French

DOI: http://dx.doi.org/10.5089/9781616353834.086

ISBN: 9781616353834

Keywords: exchange rate, exporters, exchange rate pegs, banking, inflation, oil exporters, exporting countries, oil-exporting countries, exchange rate developments, natural resources

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic...

1 Monetary Policy in Sub-Saharan Africa

1 Monetary Policy 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

1 Introduction Central banks (CBs) in sub-Saharan Africa (SSA) have made great progress over the past two decades in stabilizing inflation, to single digits on average, in the contex...

2 Inflation Targeting in Uganda

2 Inflation Targeting in Uganda »

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 The Bank of Uganda (BOU) introduced its inflation targeting (IT) monetary policy framework in July 2011, replacing a monetary targeting (MT) framework which had been i...

3 Introduction to Part I

3 Introduction to Part I »

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

Our understanding of monetary policy in LICs, as with any economic subject, must be fundamentally empirical. Theory is unlikely to give an unambiguous answer to any important policy...

4 Economic Fluctuations in Sub-Saharan Africa

4 Economic Fluctuations 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

1 Introduction In this chapter we provide (i) an overview of some of the structural features of the economies of sub-Saharan Africa (SSA) and (ii) a systematic characterization of ec...

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...

6 Identifying the Monetary Transmission Mechanism in Sub-Saharan Africa

6 Identifying the Monetary Transmission Mechanism 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

1 Introduction Central banks and researchers in low-income countries often use structural vector auto-regression (SVAR) models estimated on aggregate macroeconomic data to develop a...