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How Useful is Monetary Econometrics in Low-Income Countries? T+L3104he Case of Money Demand and the Multipliers in Rwanda, Gabriel Di Bella, David Hauner

Contributor
Abstract
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
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. CONSTRAINTS ON ECONOMETRIC ANALYSIS""; ""III. MODELING THE MONEY MULTIPLIERS""; ""IV. MODELING MONEY DEMAND""; ""V. CONCLUSIONS AND POLICY RECOMMENDATIONS""; ""REFERENCES""; ""APPENDIX TABLES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (23 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283515412

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