How Useful is Monetary Econometrics in Low-Income Countries? : T+L3104he Case of Money Demand and the Multipliers in Rwanda /

This paper revisits the usefulness of econometric monetary analysis in low-income countries in a case study on Rwanda, an interesting case given its floating exchange rate and reliance on indirect monetary policy instruments on the one hand, and its somewhat typical data and institutional shortcomin...

সম্পূর্ণ বিবরণ

গ্রন্থ-পঞ্জীর বিবরন
প্রধান লেখক: Di Bella, Gabriel
অন্যান্য লেখক: Hauner, David
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2005.
মালা:IMF Working Papers; Working Paper ; No. 2005/178
অনলাইন ব্যবহার করুন:Full text available on IMF
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100 1 |a Di Bella, Gabriel. 
245 1 0 |a How Useful is Monetary Econometrics in Low-Income Countries? :   |b T+L3104he Case of Money Demand and the Multipliers in Rwanda /  |c Gabriel Di Bella, David Hauner. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (23 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper revisits the usefulness of econometric monetary analysis in low-income countries in a case study on Rwanda, an interesting case given its floating exchange rate and reliance on indirect monetary policy instruments on the one hand, and its somewhat typical data and institutional shortcomings on the other hand. The findings are generally encouraging for the use of econometric models for monetary analysis in low-income countries. Notwithstanding substantial qualifications, time series and structural models of the money multiplier and money demand yield results that are statistically and economically reasonable enough to usefully inform policymaking. 
538 |a Mode of access: Internet 
700 1 |a Hauner, David. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/178 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/178/001.2005.issue-178-en.xml  |z IMF e-Library