- Title Pages
- Series Preface
- List of Illustrations
- List of Tables
- List of Contributors
- Chapter 1 Monetary Policy in Sub-Saharan Africa
- Chapter 2 Inflation Targeting in Uganda
- Chapter 3 Introduction to Part I
- Chapter 4 Economic Fluctuations in Sub-Saharan Africa
- Chapter 5 The Monetary Transmission Mechanism
- Chapter 6 Identifying the Monetary Transmission Mechanism in Sub-Saharan Africa
- Chapter 7 Introduction to Part II
- Chapter 8 On the Role of Money Targets in the Monetary Policy Framework in SSA
- Chapter 9 Implementation Errors and Incomplete Information
- Chapter 10 On the First-Round Effects of International Food Price Shocks
- Chapter 11 Implications of Food Subsistence for Monetary Policy and Inflation
- Chapter 12 The Short-Run Macroeconomics of Aid Inflows
- Chapter 13 Modelling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New Keynesian Framework
- Chapter 14 Introduction to Part III
- Chapter 15 On the Sources of Inflation in Kenya
- Chapter 16 Do Money Targets Matter for Monetary Policy in Kenya?
- Chapter 17 Monetary Policy in Low-Income Countries in the Face of the Global Crisis
- Chapter 18 Introducing a Semi-Structural Macroeconomic Model for Rwanda
- Chapter 19 Inflation Forecast Targeting in a Low-Income Country
- Chapter 20 A Structural Analysis of the Determinants of Inflation in the CEMAC Region
Introduction to Part III
Introduction to Part III
- (p.265) Chapter 14 Introduction to Part III
- Monetary Policy in Sub-Saharan Africa
- Oxford University Press
Part III of the book presents various applications of quantitative dynamic stochastic general equilibrium models to SSA countries. Unlike the previous chapters, which provided broad guidance, the emphasis here is on specific policy questions faced by the country under study and on quantitative guidance for central banks. Each chapter mixes theory and data, along with close attention to the broader economic context. In addition to summarizing the results in the rest of Part III, this overview chapter describes the collaboration between IMF staff and staff in central banks in the region that resulted in the material in Part III. It also explains the eclectic approach used in building and using these models, as well as the relationship between these models and those of Part II.
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