Towards a Rule-based Approach to Monetary Policy Evaluation in Sub-Saharan Africa

2011 ◽  
Vol 20 (Supplement 2) ◽  
pp. ii36-ii66 ◽  
Author(s):  
S. A. O'Connell
Keyword(s):  
Monetary Policy ◽  
Policy Evaluation ◽  
Sub Saharan Africa ◽  
Rule Based ◽  
Sub Saharan ◽  
Rule Based Approach

Monetary Policy in Sub-Saharan Africa

2018 ◽  
Keyword(s):  
Monetary Policy ◽  
Low Income ◽  
Sub Saharan Africa ◽  
Low Income Countries ◽  
African Countries ◽  
Policy Regimes ◽  
Export Prices ◽  
Policy Work ◽  
Sub Saharan ◽  
Policy Guidance

Having broadly stabilized inflation over the past two decades, many policymakers in sub-Saharan Africa are now asking more of their monetary policy frameworks. They are looking to avoid policy misalignments and respond appropriately to both domestic and external shocks, including swings in fiscal policy and spikes in food and export prices. In many cases they are finding current regimes—often characterized as ‘money targeting’—lacking, with opaque and sometimes inconsistent objectives, inadequate transmission of policy to the economy, and difficulties in responding to supply shocks. At the same time, little existing research on monetary policy is targeted to low-income countries. What do we know about the empirics of monetary transmission in low-income countries? (How) Does monetary policy work in countries characterized by a huge share of food in consumption, underdeveloped financial markets, and opaque policy regimes? (How) Can we use methods largely derived in advanced countries to answer these questions? And (how) can we use the results to guide policymakers? This book draws on years of research and practice at the IMF and in central banks from the region to shed empirical and theoretical light on these questions and to provide practical tools and policy guidance. A key feature of the book is the application of dynamic general equilibrium models, suitably adapted to reflect key features of low-income countries, for the analysis of monetary policy in sub-Saharan African countries.

Post-crisis Monetary Policy Frameworks in sub-Saharan Africa

2011 ◽  
Vol 23 (2) ◽  
pp. 190-201 ◽  
Author(s):  
Louis Kasekende ◽  
Martin Brownbridge
Keyword(s):  
Monetary Policy ◽  
Sub Saharan Africa ◽  
Policy Frameworks ◽  
Sub Saharan

scholarly journals DOES FINANCIAL DEVELOPMENT EXPLAIN THE CYCLICALITY OF MONETARY POLICY IN SUB-SAHARAN AFRICA?

2018 ◽  
Vol 43 (4) ◽  
pp. 71-83
Author(s):  
ITCHOKO MOTANDE MONDJELI MWA NDJOKOU ◽  
CHRISTOPHE MARTIAL MBASSI
Keyword(s):  
Monetary Policy ◽  
Financial Development ◽  
Sub Saharan Africa ◽  
Sub Saharan

scholarly journals Monetary Policy Issues in Sub-Saharan Africa

2015 ◽  
Author(s):  
Célestin Monga ◽  
Justin Yifu Lin ◽  
Andrew Berg ◽  
Stephen O'Connell ◽  
Catherine Pattillo ◽  
...  
Keyword(s):  
Monetary Policy ◽  
Sub Saharan Africa ◽  
Policy Issues ◽  
Sub Saharan

A Model for Monetary Policy Analysis for Sub-Saharan Africa

2009 ◽  
Vol 21 (1) ◽  
pp. 127-145 ◽  
Author(s):  
Romain Houssa ◽  
Christopher Otrok ◽  
Radu Puslenghea
Keyword(s):  
Monetary Policy ◽  
Policy Analysis ◽  
Sub Saharan Africa ◽  
Sub Saharan

Monetary policy and central banking in sub-Saharan Africa

2018 ◽  
pp. 208-228 ◽  
Author(s):  
Christopher Adam ◽  
Andrew Berg ◽  
Rafael Portillo ◽  
Filiz Unsal
Keyword(s):  
Monetary Policy ◽  
Central Banking ◽  
Sub Saharan Africa ◽  
Sub Saharan
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