Monetary Policy in Low Income Countries in the Face of the Global Crisis : The Case of Zambia /

We develop a DSGE model with a banking sector to analyze the impact of the financial crisis on Zambia and the role of the monetary policy response. We view the crisis as a combination of three related shocks: a worsening in the terms of the trade, an increase in the country's risk premium, and...

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Detalhes bibliográficos
Autor principal: Benes, Jaromir
Outros Autores: Berg, Andrew, Dao, Mai, Portillo, Rafael
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2012.
coleção:IMF Working Papers; Working Paper ; No. 2012/094
Acesso em linha:Full text available on IMF