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Introducing a Semi Structural Macroeconomic Model for Rwanda Book PDF Summary

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 parity condition to capture key structural features of Rwanda’s economy and policy framework, such as the limited degree of capital mobility. A filtration of the observed data through the model allows us to illustrate the contribution of various factors to inflation dynamics and its deviations from the inflation target. Our results, consistent with evidence for other countries in the region, suggest that food and oil prices as well as the exchange rate have accounted for the bulk of inflation dynamics in Rwanda.

Detail Book of Introducing a Semi Structural Macroeconomic Model for Rwanda PDF

Introducing a Semi Structural Macroeconomic Model for Rwanda
  • Author : Ms.Luisa Charry
  • Release : 22 August 2014
  • Publisher : International Monetary Fund
  • ISBN : 9781498398343
  • Genre : Business & Economics
  • Total Page : 37 pages
  • Language : English
  • PDF File Size : 14,8 Mb

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