Farms Fertiliser and Financial Frictions is popular PDF and ePub book, written by Mr.Sébastien Walker in 2017-05-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Farms Fertiliser and Financial Frictions can be Read Online from any device for your convenience.
Farms Fertiliser and Financial Frictions Book PDF Summary
This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model with a financial accelerator which captures key features of low-income countries (LICs). The predominance of supply shocks in LICs poses distinct challenges for policymakers, given the negative correlation between inflation and the output gap in the case of supply shocks. Our results suggest that: (1) in the face of a supply-side shock, the most desirable interest rate rule involves simply targeting current inflation and smoothing the policy interest rate; and (2) ignoring financial frictions when evaluating policy rules can be particularly problematic in LICs, where financial frictions loom especially large.
Detail Book of Farms Fertiliser and Financial Frictions PDF
- Author : Mr.Sébastien Walker
- Release : 08 May 2017
- Publisher : International Monetary Fund
- ISBN : 9781475599138
- Genre : Business & Economics
- Total Page : 52 pages
- Language : English
- PDF File Size : 17,7 Mb
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