Series: IMF Working Papers
Author(s): Luisa Charry , Pranav Gupta , and Vimal Thakoor
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 August 2014
Keywords: Monetary Transmission Mechanisms, inflation, real interest rate, aggregate demand, monetary fund, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects), Fiscal and Monetary Policy in Development,
We develop a simple semistructural model for the Rwandan economy to better understand the monetary policy transmission mechanism. A key feature of the model is the introduction of a modified uncovered interest pari...