Series: IMF Working Papers
Author(s): Issouf Samaké
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2010
Keywords: Benin; Credit channel, government bonds, general equilibrium, stochastic simulation, bonds, reserve requirement, monetary policy, central bank, Simulation Methods, Macroeconomics: Production
This paper applies and extends a theoretical model built by Agénor and Montiel (2007) by exploring the effectiveness of government bonds and monetary policy in a small, open, credit-based economy with a fixed excha...