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Book Cover
Author Charry, Luisa.

Title Introducing a semi-structural macroeconomic model for Rwanda / Luisa Charry, Pranav Gupta, Vimal Thakoor
Published [Washington, D.C.] : International Monetary Fund, [2014]
Online access available from:
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Description 1 online resource (37 pages) : illustrations (chiefly color)
Series IMF working paper ; WP/14/159
IMF working paper ; WP/14/159
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. --Abstract
Notes "August 2014"--Page 2 of pdf
"Research Department, Strategy, Policy and Review Department, and African Department"--Page 2 of pdf
Bibliography Includes bibliographical references (page 37)
Notes Online resource; title from pdf title page ( Web site, viewed on August 25, 2014)
Subject Monetary policy -- Rwanda.
Transmission mechanism (Monetary policy) -- Rwanda.
Form Electronic book
Author Gupta, Pranav.
Thakoor, Vimal.
International Monetary Fund. African Department.
International Monetary Fund. Research Department.
International Monetary Fund. Strategy, Policy, and Review Department.
ISBN 1498357415