How useful is monetary econometrics in low-income countries?

the case of money demand and the multipliers in Rwanda

How useful is monetary econometrics in low-in ...
David Hauner, David Hauner
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Last edited by WorkBot
December 15, 2009 | History

How useful is monetary econometrics in low-income countries?

the 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 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.

Publish Date
Language
English
Pages
22

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Book Details


Edition Notes

"September 2005."

Includes bibliographical references (p. 21).

Also available on the World Wide Web.

Published in
Washington, D.C
Series
IMF working paper -- WP/05/178

The Physical Object

Pagination
22 p. :
Number of pages
22

Edition Identifiers

Open Library
OL20239606M

Work Identifiers

Work ID
OL12791753W

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December 15, 2009 Edited by WorkBot link works
October 26, 2008 Created by ImportBot Imported from University of Toronto MARC record