Series: IMF Working Papers
Author(s): Jaromir Benes , Andrew Berg , Rafael Portillo , Mai Dao , and Alfredo Baldini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2012
Keywords: Global Financial Crisis, Low-Income Countries, inflation, terms of trade, aggregate demand, money growth, International Finance Forecasting and Simulation,
We develop a DSGE model with a banking sector to analyze the impact of the financial crisis on Zambia and the role of the monetary policy response. We view the crisis as a combination of three related shocks: a wor...