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2. Competitiveness in Sub-Saharan Africa: Marking Time or Moving Ahead?

2. Competitiveness in Sub-Saharan Africa: Marking Time or Moving Ahead? »

Source: Regional Economic Outlook, October 2015 : Sub-Saharan Africa

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2015

ISBN: 9781513597331

Keywords: Sub-Saharan Africa; commodity exporters; oil-exporting countries; competitiveness; trade integration; income inequality; gender inequality

In recent years the sub-Saharan African region has experienced strong real GDP growth and substantial trade integration. However, growth in sub-Saharan Africa’s trade volumes has not kept up with growth in t...

2. Compétitivité en Afrique subsaharienne: stagnation ou progression?

2. Compétitivité en Afrique subsaharienne: stagnation ou progression? »

Source: Regional Economic Outlook, October 2015 : Sub-Saharan Africa

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2015

Language: French

ISBN: 9781513562490

Keywords: Sub-Saharan Africa; commodity exporters; oil-exporting countries; competitiveness; trade integration; income inequality; gender inequality

Ces dernières années, l’Afrique subsaharienne a vu son PIB réel et son intégration commerciale progresser fortement. En volume, cependant, le commerce de la région a augmenté moins vite que le commerce mondi...

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...

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...

7 Introduction to Part II

7 Introduction to Part II »

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

The chapters in Part II reflect our efforts over the last few years to use simple dynamic general equilibrium models to analyse monetary policy issues facing sub-Saharan African (SS...

8 On the Role of Money Targets in the Monetary Policy Framework in SSA

8 On the Role of Money Targets in the Monetary Policy Framework in SSA »

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 This chapter introduces a theme to which we return in several of the chapters of the book—the role of money targets. This theme grows out of the fact that, as discusse...

9 Implementation Errors and Incomplete Information

9 Implementation Errors and Incomplete Information »

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 As discussed in Chapter 6, recent empirical work has failed to find much evidence of a monetary transmission mechanism in low-income countries, including in Africa. So...