Monetary policy in sub-Saharan Africa / edited by Andrew Berg and Rafael Portillo.
Low-income countries in sub-Saharan Africa present unique monetary policy challenges, from the high share of volatile food in consumption to underdeveloped financial markets; however most academic and policy work on monetary policy is aimed at much richer countries. Can economic models and methods i...
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| Format: | Book |
| Language: | English |
| Published: |
Oxford, United Kingdom :
Oxford University Press,
2018.
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| Edition: | First edition. |
| Series: | Africa, policies for prosperity.
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| Subjects: |
Table of Contents:
- Machine generated contents note: 1. Monetary Policy in Sub-Saharan Africa / Rafael Portillo
- 2. Inflation Targeting in Uganda: What Lessons Can We Learn from Five Years of Experience? / Louis Kasekende
- pt. I EMPIRICAL EVIDENCE
- 3. Introduction to Part I / Rafael Portillo
- 4. Economic Fluctuations in Sub-Saharan Africa / Rafael Portillo
- 5. Monetary Transmission Mechanism: Lessons from a Dramatic Event / Rafael Portillo
- 6. Identifying the Monetary Transmission Mechanism in Sub-Saharan Africa / Stephen O'Connell
- pt. II ANALYTICAL ISSUES RELEVANT FOR MONETARY POLICY ANALYSIS IN SUB-SAHARAN AFRICA
- 7. Introduction to Part II / Rafael Portillo
- 8. On the Role of Money Targets in the Monetary Policy Framework in SSA: Insights from a New Keynesian Model with Incomplete Information / Filiz Unsal
- 9. Implementation Errors and Incomplete Information: Implications for the Effects of Monetary Policy in Low-Income Countries / Catherine Pattillo
- 10. On me First-Round Effects of International Food Price Shocks / Luis-Felipe Zanna
- 11. Implications of Food Subsistence for Monetary Policy and Inflation / Richard Peck
- 12. Short-Run Macroeconomics of Aid Inflows: Understanding the Interaction of Fiscal and International Reserve Policy / Luis-Felipe Zanna
- 13. Modelling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New Keynesian Framework / David Vavra
- pt. III APPLIED MODELS FOR POLICY ANALYSIS AND FORECASTING IN SSA: SELECTED CASE STUDIES
- 14. Introduction to Part III / Rafael Portillo
- 15. On the Sources of Inflation in Kenya: A Model-Based Approach / Jan Vlcek
- 16. Do Money Targets Matter for Monetary Policy in Kenya? / Jan Vlcek
- 17. Monetary Policy in Low-Income Countries in the Face of the Global Crisis: A Structural Analysis / Rafael Portillo
- 18. Introducing a Semi-Structural Macroeconomic Model for Rwanda / Vimal Thakoor
- 19. Inflation Forecast Targeting in a Low-Income Country: The Case of Ghana / Hans Weisfeld
- 20. Structural Analysis of the Determinants of Inflation in the CEMAC Region / Rafael Portillo.