Last edited by Dougar
Monday, October 12, 2020 | History

1 edition of Monetary policy rules for managing aid surges in africa found in the catalog.

Monetary policy rules for managing aid surges in africa

Monetary policy rules for managing aid surges in africa

  • 241 Want to read
  • 22 Currently reading

Published by International Monetary Fund, African Dept. in [Washington, D.C.] .
Written in English

    Subjects:
  • Monetary policy -- Africa -- Econometric models.,
  • Economic assistance -- Africa.

  • Edition Notes

    Statementprepared by Christopher Adam ... [et al.].
    SeriesIMF working paper -- WP/07/180
    ContributionsAdam, Christopher., International Monetary Fund. African Dept.
    The Physical Object
    Pagination40 p. ;
    Number of Pages40
    ID Numbers
    Open LibraryOL21406480M

      To fix ideas, suppose policy makers find it difficult to distinguish between short- and long-term aid surges because temporary donors mimic permanent donors in a pooling equilibrium. When aid flows jump from X o to X 1 at t = 0, the government and the private sector conjecture that the aid surge will end at t = T with probability p. of Africa’s development problems is a crisis of governance.”1 Poor quality institutions, weak rule of law, an absence of accountability, tight controls over information, and high levels of corruption still characterize many African states today. Aid levels have been reduced in many parts of Africa .

    Policy Responses to Aid Surges in Countries with Limited International Capital Mobility The Role of the Exchange Rate Regime / / by rezy / Leave a comment Policy Responses to Aid Surges in Countries with Limited. This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid. It finds that PRGF-supported programs allow countries to use most or almost all increases in aid within a few years.

    to aid inflows, appear to be consistent with actual responses to recent aid surges in a range of post-stabilization countries in Sub-Saharan Africa. Keywords: monetary policy, currency substitution, aid, Africa, DSGE models. “Monetary rules for managing aid surges in Africa”, Working Paper n°, IMF, P [3] Baltensperger E. ().”the precautionary demand for reserves”. The American Economic Review, vol. 64, n° 1, pp.


Share this book
You might also like
Vasarely

Vasarely

The Ivy plot

The Ivy plot

Survey of foreign language teaching in the Australian universities (1965-1973)

Survey of foreign language teaching in the Australian universities (1965-1973)

Trade unions, their origin and objects, influence and efficacy

Trade unions, their origin and objects, influence and efficacy

Manners Please!

Manners Please!

Planning for success

Planning for success

West coast recreational fisheries for salmon

West coast recreational fisheries for salmon

The House of Kanze

The House of Kanze

Prelude to calamity

Prelude to calamity

California courts and judges.

California courts and judges.

Greater Love Than This

Greater Love Than This

The Bible and Me

The Bible and Me

ecological reconnaissance of the Mara Plains in Kenya Colony

ecological reconnaissance of the Mara Plains in Kenya Colony

Pharmacokinetic-Pharmacodynamic Modeling and Simulation

Pharmacokinetic-Pharmacodynamic Modeling and Simulation

Statistical bulletin

Statistical bulletin

The love-chase

The love-chase

Monetary policy rules for managing aid surges in africa Download PDF EPUB FB2

Monetary Policy Rules for Managing Aid Surges in Africa. This paper examines the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration and currency substitution.

Using a dynamic stochastic general equilibrium model, it is shown that simple. Monetary Policy Rules for Managing Aid Surges in Africa.

Christopher Adam. Corresponding Author. Department of International Development, University of Oxford, UK We argued at the beginning of this paper that central bankers in Africa face substantial problems in managing aid surges.

In practice, many central banks appear to have adopted Cited by: Monetary Policy Rules for Managing Aid Surges in Africa rode_ Christopher Adam, Stephen O’Connell, Edward Buffie, and Catherine Pattillo* Abstract This paper examines the properties of alternative monetary policy rules in response to large aid surges inCited by: Request PDF | Monetary Policy Rules for Managing Aid Surges in Africa | The literature on aid has come a long way in recent years, and as a result we now know much more about aid effectiveness.

Request PDF | Monetary Policy Rules for Managing Aid Surges in Africa | This paper examines the properties of alternative monetary policy rules in response to large aid surges in low-income. Monetary Policy Rules for Managing Aid Surges in Africa Prepared by Christopher Adam, Stephen O’Connell, Edward Buffie, Catherine Pattillo1 Authorized for distribution by Piroska M.

Nagy July Abstract This Working Paper should not be reported as representing the views of the IMF. BibTeX @MISC{Adam07monetarypolicy, author = {Christopher Adam and Edward Buffie and Catherine Pattillo and International Monetary and Fund Wp and Prepared Christopher Adam and Edward Buffie and Catherine Pattillo and Authorized Piroska and M.

Nagy}, title = {Monetary Policy Rules for Managing Aid Surges in Africa}, year = {}}. Downloadable. We examine the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration and currency substitution.

Using a dynamic stochastic general equilibrium model, we show that simple monetary rules that stabilize the path of expected future seigniorage for a given aid flow have attractive.

Since the turn of the century, aid flows to Africa have increased on average and become more volatile. As a result, policymakers, particularly in post-stabilization countries where inflation has only recently been brought under control, have been increasingly preoccupied with how best to deploy the available instruments of monetary policy without yielding on hard-won inflation gains.

Monetary Policy Rules for Managing Aid Surges in Africa Christopher Adam,1 Edward Buffie,2 Stephen O’Connell,3 and Catherine Pattillo4 September Abstract We examine the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration.

Managing External Volatility: Central Bank Options in Low-Income Countries’. Monetary Management of Oil Price Surges’. In (). Monetary Policy Rules for Managing Aid Surges in Africa’. IMF Working Paper 07/ ().

Christopher Adam & Stephen O'Connell & Edward Buffie & Catherine Pattillo, "Monetary Policy Rules for Managing Aid Surges in Africa," Review of Development Economics, Wiley Blackwell, vol.

13(s1), pagesAugust. Monetary Policy Rules for Managing Aid Surges in Africa. This paper examines the properties of alternative monetary policy rules in response to large aid surges in low‐income countries characterized by incomplete capital market integration and currency substitution.

Using a dynamic stochastic general equilibrium model, it is shown that simple monetary rules that stabilize the path of expected future seigniorage for a given aid flow have attractive.

Monetary Policy Rules for Managing Aid Surges in Africa () Cached. Download Links [] Save to List; Add to Collection {Monetary Policy Rules for Managing Aid Surges in Africa}, year = {}} Share.

OpenURL. Abstract. UNU-WIDER gratefully acknowledges the financial contribution to the conference by the Finnish. Mozambique is an economic success story in sub-Saharan Africa (SSA).

Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction. Of special interest to other sub-Saharan countries are the book's discussions of Mozambique's progress.

Policy Consistency and Inflation in Ghana by Nii Kwaku Sowa, Research Paper Fiscal Operations in a Depressed Economy: Nigeria, by Akpan H. Ekpo and John E.

Ndebbio, Research Paper Foreign Exchange Bureaus in the Economy of Ghana by Kofi A. Osei, Research Paper The Balance of Payments as a Monetary Phenomenon: An Econometric Study of.

In this paper we have examined numerous policy responses to a permanent surge in aid. Consistent with the evidence for Sub-Saharan Africa, we assumed that 75% of the extra aid was spent and the remainder used for budget support.

The reduction in the fiscal deficit ensures that inflation decreases in the long run. Monetary policy in sub-Sahara Africa (SSA) has undergone an important transformation in recent decades.

With the advent of sustained growth and generally stable fiscal policies in much of the region, many countries are now working to modernize their monetary policy frameworks.

This book provides a comprehensive view of the many monetary policy issues in sub-Saharan Africa. Elgar Online: The online content platform for Edward Elgar Publishing.

China’s aid policy on Africa underwent major reforms between and Thepolicyreformswerenecessary for threemainreasons. First, increased population experienced by china put untold pressures on the country’s resource base and therefore Africa became an attractive prospect as a source of much needed resource.S.O’Connell, and lo () “Monetary Policy Rules for Managing Aid Surges in Africa”, Review of Development Economics vol 13(3), An extended version of this paper is published as IMF Working Paper, 07/Policy Responses to Aid Surges in Countries with Limited International Capital Mobility The Role of the Exchange Rate Regime xezip.

Next. Policy Responses to Aid Surges in Countries with Limited International Capital Mobility The Role of the Exchange Rate Regime.