Introducing a Semi-Structural Macroeconomic Model for Rwanda /

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 fr...

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Bibliografiska uppgifter
Huvudupphovsman: Charry, Luisa
Övriga upphovsmän: Gupta, Pranav, Thakoor, Vimal
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2014.
Serie:IMF Working Papers; Working Paper ; No. 2014/159
Länkar:Full text available on IMF
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245 1 0 |a Introducing a Semi-Structural Macroeconomic Model for Rwanda /  |c Luisa Charry, Pranav Gupta, Vimal Thakoor. 
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300 |a 1 online resource (37 pages) 
490 1 |a IMF Working Papers 
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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 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. 
538 |a Mode of access: Internet 
700 1 |a Gupta, Pranav. 
700 1 |a Thakoor, Vimal. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/159 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/159/001.2014.issue-159-en.xml  |z IMF e-Library