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 shortcomin...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
[Washington, DC]
Internat. Monetary Fund
2005
|
| Series: | IMF working paper
2005,178 |
| Subjects: | |
| Summary: | 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. |
| Physical Description: | 22 S. graph. Darst. |
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| 520 | 3 | |a 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. | |
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| id | DE-604.BV021274184 |
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| index_date | 2024-07-02T13:45:26Z |
| indexdate | 2024-07-09T20:34:25Z |
| institution | BVB |
| language | English |
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| physical | 22 S. graph. Darst. |
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| spelling | Hauner, David Verfasser aut How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda David Hauner and Gabriel Di Bella [Washington, DC] Internat. Monetary Fund 2005 22 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier IMF working paper 2005,178 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. Entwicklungsländer Ökonometrisches Modell Demand for money Rwanda Econometric models Monetary policy Developing countries Econometric models Monetary policy Rwanda Econometric models Multiplier (Economics) Econometric models Di Bella, Gabriel Verfasser aut IMF working paper 2005,178 (DE-604)BV009882921 2005,178 |
| spellingShingle | Hauner, David Di Bella, Gabriel How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda IMF working paper Entwicklungsländer Ökonometrisches Modell Demand for money Rwanda Econometric models Monetary policy Developing countries Econometric models Monetary policy Rwanda Econometric models Multiplier (Economics) Econometric models |
| title | How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda |
| title_auth | How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda |
| title_exact_search | How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda |
| title_exact_search_txtP | How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda |
| title_full | How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda David Hauner and Gabriel Di Bella |
| title_fullStr | How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda David Hauner and Gabriel Di Bella |
| title_full_unstemmed | How useful is monetary econometrics in low-income countries? the case of money demand and the multipliers in Rwanda David Hauner and Gabriel Di Bella |
| title_short | How useful is monetary econometrics in low-income countries? |
| title_sort | how useful is monetary econometrics in low income countries the case of money demand and the multipliers in rwanda |
| title_sub | the case of money demand and the multipliers in Rwanda |
| topic | Entwicklungsländer Ökonometrisches Modell Demand for money Rwanda Econometric models Monetary policy Developing countries Econometric models Monetary policy Rwanda Econometric models Multiplier (Economics) Econometric models |
| topic_facet | Entwicklungsländer Ökonometrisches Modell Demand for money Rwanda Econometric models Monetary policy Developing countries Econometric models Monetary policy Rwanda Econometric models Multiplier (Economics) Econometric models |
| volume_link | (DE-604)BV009882921 |
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