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Rafael Portillo

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Mr. Benjamin L Hunt & Susanna Mursula & Mr. Rafael A Portillo & Marika Santoro, 2020. "Modeling Trade Tensions: Different Mechanisms in General Equilibrium," IMF Working Papers 2020/279, International Monetary Fund.

    Cited by:

    1. Clancy, Daragh & Valenta, Vilém & Smith, Donal, 2023. "The macroeconomic effects of global supply chain reorientation," Research Technical Papers 5/RT/23, Central Bank of Ireland.

  2. Mr. Giovanni Melina & Mr. Rafael A Portillo, 2018. "Economic Fluctuations in Sub-Saharan Africa," IMF Working Papers 2018/040, International Monetary Fund.

    Cited by:

    1. Fabio Monteforte & Mathan Satchi & Jonathan R. W. Temple, 2021. "Development priorities: the relative benefits of agricultural growth," Oxford Economic Papers, Oxford University Press, vol. 73(3), pages 1122-1152.
    2. Evelyn Nwamaka Ogbeide-Osaretin & Victoria Nkiruka Ishiwu, 2021. "Macroeconomic Shocks and Aggregate Welfare in Sub-Saharan African Countries," Business & Management Compass, University of Economics Varna, issue 4, pages 380-396.
    3. Achua, Joseph Kwaghkor & Yusuf, Mariam & Wakdok, Samuel Stephen, 2022. "Nonlinear public debt and resource rent nexus in highly indebted resource-rich sub-Saharan economies: Evidence from Nigeria," Resources Policy, Elsevier, vol. 79(C).
    4. Thiombiano, Noel & Ouedraogo, Salifou & Moussa, Abiboulaye, 2022. "Fiscal policy rules and economic fluctuations in the countries of the West African Economic and Monetary Union (WAEMU)," Research in Economics, Elsevier, vol. 76(3), pages 252-263.

  3. Rania A. Al-Mashat & Mr. Ales Bulir & N. Nergiz Dinçer & Tibor Hlédik & Mr. Tomás Holub & Asya Kostanyan & Mr. Douglas Laxton & Armen Nurbekyan & Mr. Rafael A Portillo & Hou Wang, 2018. "An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank," IMF Working Papers 2018/210, International Monetary Fund.

    Cited by:

    1. Akosah, Nana Kwame & Alagidede, Imhotep Paul & Schaling, Eric, 2020. "Testing for asymmetry in monetary policy rule for small-open developing economies: Multiscale Bayesian quantile evidence from Ghana," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
    2. Mr. Ales Bulir & Mr. Jan Vlcek, 2020. "Monetary Policy Is Not Always Systematic and Data-Driven: Evidence from the Yield Curve," IMF Working Papers 2020/004, International Monetary Fund.
    3. Mariusz Prochniak & Magdalena Szyszko, 2019. "The similarity of European central banks in terms of transparency and effectiveness," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 14(3), pages 385-404, September.
    4. Narek Ghazaryan, 2014. "Short Term Forecasting System of Private Demand Components in Armenia," Working Papers 3, Central Bank of the Republic of Armenia, revised Dec 2015.
    5. Nana Kwame Akosah & Imhotep Paul Alagidede & Eric Schaling, 2021. "Dynamics of Money Market Interest Rates in Ghana: Time‐Frequency Analysis of Volatility Spillovers," South African Journal of Economics, Economic Society of South Africa, vol. 89(4), pages 555-589, December.
    6. Ali Alichi & Hayk Avetisyan & Mr. Douglas Laxton & Shalva Mkhatrishvili & Armen Nurbekyan & Lusine Torosyan & Hou Wang, 2019. "Multivariate Filter Estimation of Potential Output for the United States: An Extension with Labor Market Hysteresis," IMF Working Papers 2019/035, International Monetary Fund.
    7. Alina Evstigneeva & Mark Sidorovskiy, 2021. "Assessment of Clarity of Bank of Russia Monetary Policy Communication by Neural Network Approach," Russian Journal of Money and Finance, Bank of Russia, vol. 80(3), pages 3-33, September.
    8. Cecilia Dassatti & Gerardo Licandro, 2021. "Measuring monetary policy transparency in Uruguay," Documentos de trabajo 2021003, Banco Central del Uruguay.
    9. Akosah, Nana & Alagidede, Paul & Schaling, Eric, 2019. "Monetary Policy Transparency in Ghana: Recent Evidence," MPRA Paper 96998, University Library of Munich, Germany.
    10. Ruttachai Seelajaroen & Pornanong Budsaratragoon & Boonlert Jitmaneeroj, 2020. "Do monetary policy transparency and central bank communication reduce interest rate disagreement?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 39(3), pages 368-393, April.
    11. Jan Filacek & Ivan Sutoris, 2019. "Inflation Targeting Flexibility: The CNB's Reaction Function under Scrutiny," Research and Policy Notes 2019/02, Czech National Bank.
    12. Elizabeth Bucacos & Cecilia Dassatti & Gerardo Licandro, 2021. "Transparencia de la política monetaria en Uruguay, ¿cómo nos ven?," Documentos de trabajo 2021010, Banco Central del Uruguay.

  4. Mr. Jaromir Benes & Kevin Clinton & Asish George & Pranav Gupta & Joice John & Mr. Ondrej Kamenik & Mr. Douglas Laxton & Pratik Mitra & G.V. Nadhanael & Mr. Rafael A Portillo & Hou Wang & Fan Zhang, 2017. "Quarterly Projection Model for India: Key Elements and Properties," IMF Working Papers 2017/033, International Monetary Fund.

    Cited by:

    1. Oleg Kryzhanovsky & Alexander Zykov, 2022. "DEMUR: A Regional Semi-Structural Model of the Ural Macroregion," Russian Journal of Money and Finance, Bank of Russia, vol. 81(4), pages 52-85, December.
    2. Pattanaik, Sitikantha & Muduli, Silu & Ray, Soumyajit, 2020. "Inflation expectations of households: do they influence wage-price dynamics in India?," MPRA Paper 103685, University Library of Munich, Germany.
    3. José Vicente Romero & Sara Naranjo-Saldarriaga, 2022. "Weather Shocks and Inflation Expectations in Semi-Structural Models," Borradores de Economia 1218, Banco de la Republica de Colombia.
    4. Anton Grui, 2020. "Uncovered interest parity with foreign exchange interventions under exchange rate peg and inflation targeting: The case of Ukraine," IHEID Working Papers 14-2020, Economics Section, The Graduate Institute of International Studies.
    5. Thitipat Chansriniyom & Mr. Natan P. Epstein & Valeriu Nalban, 2020. "The Monetary Policy Credibility Channel and the Amplification Effects in a Semi-structural Model," IMF Working Papers 2020/201, International Monetary Fund.
    6. Dominika Ehrenbergerova & Simona Malovana, 2019. "Introducing Macro-Financial Variables into a Semi-Structural Model," Working Papers 2019/6, Czech National Bank.
    7. Chetan Ghate & Pawan Gopalakrishnan & Anuradha Saha, 2023. "The Great Indian Savings Puzzle," IEG Working Papers 459, Institute of Economic Growth.
    8. Pongpitch Amatyakul & Tosapol Apaitan & Savaphol Hiruntiaranakul & Nuwat Nookhwun, 2021. "Revisiting Thailand's Monetary Policy Model for an Integrated Policy Analysis," PIER Discussion Papers 164, Puey Ungphakorn Institute for Economic Research.
    9. Anton Grui & Artem Vdovychenko, 2019. "Quarterly Projection Model for Ukraine," Working Papers 03/2019, National Bank of Ukraine.

  5. Mr. Rafael A Portillo & Luis-Felipe Zanna & Mr. Stephen A. O'Connell & Richard Peck, 2016. "Implications of Food Subsistence for Monetary Policy and Inflation," IMF Working Papers 2016/070, International Monetary Fund.

    Cited by:

    1. Fahim Al Marhubi, 2021. "Economic Complexity and Inflation: An Empirical Analysis," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(3), pages 259-271, September.
    2. William Ginn & Marc Pourroy, 2022. "The Contribution of Food Subsidy Policy to Monetary Policy in India," Post-Print hal-02944209, HAL.
    3. Neyer, Ulrike & Stempel, Daniel, 2022. "How should central banks react to household inflation heterogeneity?," DICE Discussion Papers 378, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    4. Mr. Giovanni Melina & Mr. Rafael A Portillo, 2018. "Economic Fluctuations in Sub-Saharan Africa," IMF Working Papers 2018/040, International Monetary Fund.
    5. Stempel, Daniel & Neyer, Ulrike, 2022. "Should Central Banks Consider Household Inflation Heterogeneity?," VfS Annual Conference 2022 (Basel): Big Data in Economics 264053, Verein für Socialpolitik / German Economic Association.
    6. Blanco, Cesar & Diz, Sebastian, 2021. "Optimal monetary policy with non-homothetic preferences," MPRA Paper 107427, University Library of Munich, Germany.

  6. Mr. Rafael A Portillo & Luis-Felipe Zanna, 2015. "On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure," IMF Working Papers 2015/033, International Monetary Fund.

    Cited by:

    1. Shen, Wenyi & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2018. "Government spending effects in low-income countries," Journal of Development Economics, Elsevier, vol. 133(C), pages 201-219.
    2. Michal Andrle & Mr. Andrew Berg & Mr. R. Armando Morales & Mr. Rafael A Portillo & Mr. Jan Vlcek, 2013. "Forecasting and Monetary Policy Analysis in Low-Income Countries: Food and non-Food Inflation in Kenya," IMF Working Papers 2013/061, International Monetary Fund.

  7. Mr. Rafael A Portillo & Ms. Yulia Ustyugova, 2015. "A Model for Monetary Policy Analysis in Uruguay," IMF Working Papers 2015/170, International Monetary Fund.

    Cited by:

    1. Diego Labat & Gerardo Licandro, 2021. "Towards a quality currency," Documentos de trabajo 2021005, Banco Central del Uruguay.
    2. Ana Inés Arbiza, 2018. "¿Es estable la demanda de dinero? Análisis del caso Uruguayo," Documentos de trabajo 2018009, Banco Central del Uruguay.

  8. Andrew Berg & Edward F. Buffie & Catherine Pattillo & Rafael Portillo & Andrea Filippo Presbitero & Luis-Felipe Zanna, 2015. "Some Misconceptions about Public Investment Efficiency and Growth," Mo.Fi.R. Working Papers 116, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.

    Cited by:

    1. Shen, Wenyi & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2018. "Government spending effects in low-income countries," Journal of Development Economics, Elsevier, vol. 133(C), pages 201-219.
    2. Daniel Gurara & Mr. Kangni R Kpodar & Mr. Andrea F Presbitero & Dawit Tessema, 2020. "On the Capacity to Absorb Public Investment: How Much is Too Much?," IMF Working Papers 2020/048, International Monetary Fund.
    3. Mr. Alejandro Izquierdo & Mr. Ruy Lama & Juan Pablo Medina & Jorge Puig & Daniel Riera-Crichton & Mr. Carlos A. Végh Gramont & Guillermo Javier Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration," IMF Working Papers 2019/289, International Monetary Fund.
    4. Åsa Johansson, 2016. "Public Finance, Economic Growth and Inequality: A Survey of the Evidence," OECD Economics Department Working Papers 1346, OECD Publishing.
    5. Alan Barrell & Pawel Dobrzanski & Sebastian Bobowski & Krzysztof Siuda & Szymon Chmielowiec, 2021. "Efficiency of Environmental Protection Expenditures in EU Countries," Energies, MDPI, vol. 14(24), pages 1-35, December.
    6. Alejandro Izquierdo & Ruy E. Lama & Juan Pablo Medina & Jorge P. Puig & Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation," NBER Working Papers 26478, National Bureau of Economic Research, Inc.
    7. Petrović, Pavle & Arsić, Milojko & Nojković, Aleksandra, 2021. "Increasing public investment can be an effective policy in bad times: Evidence from emerging EU economies," Economic Modelling, Elsevier, vol. 94(C), pages 580-597.
    8. Andrea Filippo Presbitero, 2015. "Too much and too fast? Public investment scaling-up and abssoptive capacity," Mo.Fi.R. Working Papers 115, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    9. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    10. Renato Santiago & Matheus Koengkan & José Alberto Fuinhas & António Cardoso Marques, 2020. "The relationship between public capital stock, private capital stock and economic growth in the Latin American and Caribbean countries," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 67(3), pages 293-317, September.
    11. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).
    12. Moller, Lars Christian & Wacker, Konstantin M., 2017. "Explaining Ethiopia’s Growth Acceleration—The Role of Infrastructure and Macroeconomic Policy," World Development, Elsevier, vol. 96(C), pages 198-215.
    13. Oukhallou, Youssef, 2016. "Analyzing economic growth: what role for public investment?," MPRA Paper 69772, University Library of Munich, Germany.
    14. Masten, Igor & Grdović Gnip, Ana, 2019. "Macroeconomic effects of public investment in South-East Europe," Journal of Policy Modeling, Elsevier, vol. 41(6), pages 1179-1194.
    15. Patrice Ollivaud, 2017. "Improving the allocation and efficiency of public spending in Indonesia," OECD Economics Department Working Papers 1381, OECD Publishing.
    16. Juan A. Núñez-Serrano & Francisco J. Velázquez, 2017. "Is Public Capital Productive? Evidence from a Meta-analysis," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(2), pages 313-345.
    17. Melina, Giovanni & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2016. "Debt sustainability, public investment, and natural resources in developing countries: The DIGNAR model," Economic Modelling, Elsevier, vol. 52(PB), pages 630-649.
    18. Andreas P. Kyriacou & Leonel Muinelo-Gallo & Oriol Roca-Sagalés, 2018. "The efficiency of transport infrastructure investment and the role of institutions: an empirical analysis," Working Papers. Collection B: Regional and sectoral economics 1802, Universidade de Vigo, GEN - Governance and Economics research Network.
    19. Jean-Marc Fournier, 2016. "The Positive Effect of Public Investment on Potential Growth," OECD Economics Department Working Papers 1347, OECD Publishing.
    20. Abiad (ADB), Abdul & Furceri (IMF and University of Palermo), Davide & Topalova (IMF), Petia, 2016. "The macroeconomic effects of public investment: Evidence from advanced economies," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 224-240.
    21. Adam, Christopher & Bevan, David, 2020. "Tropical cyclones and post-disaster reconstruction of public infrastructure in developing countries," Economic Modelling, Elsevier, vol. 93(C), pages 82-99.
    22. Andrew Berg & Edward F. Buffie & Catherine Pattillo & Rafael Portillo & Andrea F. Presbitero & Luis‐Felipe Zanna, 2019. "Some Misconceptions About Public Investment Efficiency and Growth," Economica, London School of Economics and Political Science, vol. 86(342), pages 409-430, April.
    23. Mr. Giovanni Melina & Hoda Selim & Ms. Concha Verdugo Yepes, 2019. "Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo," IMF Working Papers 2019/121, International Monetary Fund.
    24. Ifrah Siddique & Muhammad Azmat Hayat & Muhammad Zahid Naeem & Abdullah Ejaz & Cristi Spulbar & Ramona Birau & Toni Calugaru, 2021. "Why Do Countries Request Assistance from International Monetary Fund? An Empirical Analysis," JRFM, MDPI, vol. 14(3), pages 1-19, March.
    25. Zheming Liu & Bin Li & Saixing Zeng & Hongquan Chen, 2020. "Spillovers from transport infrastructures onto firm productivity: An analytical and empirical study," Review of Development Economics, Wiley Blackwell, vol. 24(4), pages 1583-1609, November.
    26. Gurara, Daniel & Kpodar, Kangni & Presbitero, Andrea F. & Tessema, Dawit, 2021. "On the capacity to absorb public investment: How much is too much?☆," World Development, Elsevier, vol. 145(C).
    27. Abeysekara, Baudhi & Perera, Piyaruwan & Chhipi Shrestha, Gyan Kumar & Gunaruwan, Lalithasiri & Kumarage, Amal & Sadiq, Rehan & Hewage, Kasun, 2021. "Improving the capital deployment efficiency: An infrastructure investment planning process in transportation project," Research in Transportation Economics, Elsevier, vol. 88(C).

  9. Mr. Natan P. Epstein & Mr. Rafael A Portillo, 2014. "Monetary Policy in Hybrid Regimes: The Case of Kazakhstan," IMF Working Papers 2014/108, International Monetary Fund.

    Cited by:

    1. Tibor Hledik & Karel Musil & Jakub Rysanek & Jaromir Tonner, 2018. "A Macroeconomic Forecasting Model of the Fixed Exchange Rate Regime for the Oil-Rich Kazakh Economy," Working Papers 2018/11, Czech National Bank.

  10. Mr. Andrew Berg & Mr. Rafael A Portillo & Luis-Felipe Zanna, 2014. "Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime," IMF Working Papers 2014/018, International Monetary Fund.

    Cited by:

    1. Oliver Morrissey & Lionel Roger & Lars Spreng, 2019. "Aid and exchange rates in sub-Saharan Africa: No more Dutch Disease?," Discussion Papers 2019-07, University of Nottingham, CREDIT.
    2. Fischer, A.M., 2016. "Aid and the symbiosis of global redistribution and development: Comparative historical lessons from two icons of development studies," ISS Working Papers - General Series 618, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    3. Chuku Chuku & Jacob Oduor & Anthony Simpasa & Peter Mwanakatwe, 2019. "Working Paper 318 - A DGE Model for Growth and Development Planning: Malawi," Working Paper Series 2444, African Development Bank.
    4. Hendrik W. Kruse & Inmaculada Martínez‐Zarzoso, 2021. "Transfers in the gravity equation," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(1), pages 410-442, February.
    5. Chuku Chuku, 2020. "Monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire," Economic Change and Restructuring, Springer, vol. 53(1), pages 113-138, February.
    6. Fischer, A.M., 2017. "Dilemmas of externally financing domestic expenditures: Rethinking the political economy of aid and social protection through the monetary transformation dilemma," ISS Working Papers - General Series 629, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    7. Chuku Chuku, 2016. "Evaluating monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire: Application to Nigeria," WIDER Working Paper Series wp-2016-45, World Institute for Development Economic Research (UNU-WIDER).
    8. Chuku Chuku & Anthony Simpasa & Jacob Oduor, 2018. "Macroeconomic Consequences of Commodity Price Fluctuations in African Economies," African Development Review, African Development Bank, vol. 30(4), pages 329-345, December.

  11. Michal Andrle & Mr. Andrew Berg & Mr. Enrico G Berkes & Mr. Rafael A Portillo & Mr. Jan Vlcek & Mr. R. Armando Morales, 2013. "Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya," IMF Working Papers 2013/239, International Monetary Fund.

    Cited by:

    1. Javier García-Cicco, 2022. "Alternative Monetary-Policy Instruments and Limited Credibility: An Exploration," Working Papers 115, Red Nacional de Investigadores en Economía (RedNIE).
    2. Karel Musil & Mikhail Pranovich & Mr. Jan Vlcek, 2018. "Structural Quarterly Projection Model for Belarus," IMF Working Papers 2018/254, International Monetary Fund.
    3. Ms. Grace B Li & Mr. Stephen A. O'Connell & Mr. Christopher S Adam & Mr. Andrew Berg & Mr. Peter J Montiel, 2016. "VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries," IMF Working Papers 2016/090, International Monetary Fund.
    4. Mr. Rafael A Portillo & Ms. Yulia Ustyugova, 2015. "A Model for Monetary Policy Analysis in Uruguay," IMF Working Papers 2015/170, International Monetary Fund.
    5. Pei-Tha Gan, 2019. "Economic uncertainty, precautionary motive and the augmented form of money demand function," Evolutionary and Institutional Economics Review, Springer, vol. 16(2), pages 397-423, December.

  12. Mr. Jaromir Benes & Mr. Andrew Berg & Mr. Rafael A Portillo & David Vávra, 2013. "Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework," IMF Working Papers 2013/011, International Monetary Fund.

    Cited by:

    1. Yossi Yakhin, 2019. "Breaking the UIP: A Model-Equivalence Result," Bank of Israel Working Papers 2019.15, Bank of Israel, revised Mar 2020.
    2. Hernando Vargas Herrera & Andrés González & Diego Rodríguez, 2013. "Foreign Exchange Intervention in Colombia," Borradores de Economia 10465, Banco de la Republica.
    3. Goyal, Ashima & Verma, Akhilesh K, 2023. "Cross border flows, financial intermediation and interactions of policy rules in a small open economy," The Quarterly Review of Economics and Finance, Elsevier, vol. 89(C), pages 369-393.
    4. Xie, Taojun & Liu, Jingting & Alba, Joseph D. & Chia, Wai-Mun, 2017. "Does wage-inflation targeting complement foreign exchange intervention? An evaluation of a multi-target, two-instrument monetary policy framework," Economic Modelling, Elsevier, vol. 62(C), pages 68-81.
    5. Valeria Bejarano-Salcedo & William Iván Moreno-Jimenez & Juan Manuel Julio-Román, 2020. "La Magnitud y Duración del Efecto de la Intervención por Subastas sobre el Mercado Cambiario: El caso Colombiano," Borradores de Economia 1142, Banco de la Republica de Colombia.
    6. Andrey G. Shulgin, 2017. "A Simple Theoretical Setup for the Evaluation of Sterilized Intervention Effectiveness in a Small Open Commodity Exporting Economy," HSE Working papers WP BRP 170/EC/2017, National Research University Higher School of Economics.
    7. Sebastián Fanelli & Ludwig Straub, 2020. "A Theory of Foreign Exchange Interventions," Working Papers wp2020_2019, CEMFI.
    8. Karsten Kohler & Engelbert Stockhammer, 2022. "Flexible exchange rates in emerging markets: shock absorbers or drivers of endogenous cycles?," Working Papers PKWP2205, Post Keynesian Economics Society (PKES).
    9. Mr. Marco Airaudo & Mr. Edward F Buffie & Luis-Felipe Zanna, 2016. "Inflation Targeting and Exchange Rate Management In Less Developed Countries," IMF Working Papers 2016/055, International Monetary Fund.
    10. Roberto Chang, 2019. "Foreign Exchange Intervention Redux," Central Banking, Analysis, and Economic Policies Book Series, in: Álvaro Aguirre & Markus Brunnermeier & Diego Saravia (ed.),Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications, edition 1, volume 26, chapter 7, pages 205-247, Central Bank of Chile.
    11. Boris Hofmann & Hyun Song Shin & Mauricio Villamizar-Villegas, 2019. "FX intervention and domestic credit: evidence from high-frequency micro data," Borradores de Economia 1069, Banco de la Republica de Colombia.
    12. Adler, Gustavo & Chang, Kyun Suk & Wang, Zijiao, 2021. "Patterns of foreign exchange intervention under inflation targeting," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(4).
    13. Chamon, Marcos & Garcia, Márcio & Souza, Laura, 2017. "FX interventions in Brazil: A synthetic control approach," Journal of International Economics, Elsevier, vol. 108(C), pages 157-168.
    14. Drygalla, Andrej, 2017. "Monetary policy in an oil-dependent economy in the presence of multiple shocks," IWH Discussion Papers 14/2017, Halle Institute for Economic Research (IWH).
    15. Jan Przystupa & Ewa Wróbel, 2016. "Modelling monetary transmission in less developed emerging markets: the case of Tunisia," Bank i Kredyt, Narodowy Bank Polski, vol. 47(5), pages 395-434.
    16. Cukierman, Alex, 2009. "Reflections on the Crisis and on its Lessons for Regulatory Reform and for Central Bank Policies," Foerder Institute for Economic Research Working Papers 275725, Tel-Aviv University > Foerder Institute for Economic Research.
    17. Suman S. Basu & Atish R. Ghosh & Jonathan D. Ostry & Pablo E. Winant, 2018. "Managing Capital Outflows with Limited Reserves," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(2), pages 333-374, June.
    18. Viziniuc, Mădălin, 2021. "Winners and losers of central bank foreign exchange interventions," Economic Modelling, Elsevier, vol. 94(C), pages 748-767.
    19. Alex Carrasco & David Florian Hoyle & Rafael Nivin, 2019. "SFX Interventions, Financial Intermediation, and External Shocks in Emerging Economies," Working Papers 160, Peruvian Economic Association.
    20. Michael B Devereux & James Yetman, 2014. "Globalisation, pass-through and the optimal policy response to exchange rates," BIS Working Papers 450, Bank for International Settlements.
    21. Pablo Winant & Jonathan Ostry & Atish Ghosh & Suman Basu, 2016. "Managing Capital Outflows: The Role of Foreign Exchange Intervention," 2016 Meeting Papers 756, Society for Economic Dynamics.
    22. Ramis Khabibullin & Alexey Ponomarenko & Sergei Seleznev, 2018. "Forecasting the implications of foreign exchange reserve accumulation with an agent-based model," Bank of Russia Working Paper Series wps37, Bank of Russia.
    23. José Vicente Romero & Hernando Vargas & Pamela Cardozo & Andrés Murcia, 2020. "How foreign participation in the Colombian local public debt market has influenced domestic financial conditions," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial market development, monetary policy and financial stability in emerging market economies, volume 113, pages 83-119, Bank for International Settlements.
    24. Prasad, Nalini, 2018. "Sterilized interventions and capital controls," Journal of International Money and Finance, Elsevier, vol. 88(C), pages 101-121.
    25. Obstfeld, Maurice, 2014. "Never Say Never: Commentary on a Policymaker?s Reflections," CEPR Discussion Papers 9802, C.E.P.R. Discussion Papers.
    26. Mr. Olivier J Blanchard & Gustavo Adler & Mr. Irineu E de Carvalho Filho, 2015. "Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?," IMF Working Papers 2015/159, International Monetary Fund.
    27. Emanuel Kohlscheen, 2013. "Long-Run Determinants of the Brazilian Real: a closer look at commodities," Working Papers Series 314, Central Bank of Brazil, Research Department.
    28. Jose Vicente Romero & Hernando Vargas-Herrera & Pamela Cardozo & Andrés Murcia, 2020. "Effects of foreign participation in the colombian local public debt market on domestic financial conditions," Borradores de Economia 1115, Banco de la Republica de Colombia.
    29. Matthew Canzoneri & Robert Cumby, 2014. "Optimal Exchange Intervention in an Inflation Targeting Regime: Some Cautionary Tales," Open Economies Review, Springer, vol. 25(3), pages 429-450, July.
    30. Gustavo Adler & Mr. Ruy Lama & Juan Pablo Medina Guzman, 2016. "Foreign Exchange Intervention under Policy Uncertainty," IMF Working Papers 2016/067, International Monetary Fund.
    31. Shalva Mkhatrishvili & Giorgi Tsutskiridze & Lasha Arevadze, 2020. "Sterilized FX interventions may not be so sterilized," NBG Working Papers 02/2020, National Bank of Georgia.
    32. Yin, Zhichao & Peng, Hongfeng & Xiao, Weiguo & Xiao, Zumian, 2022. "Capital control and monetary policy coordination: Tobin tax revisited," Research in International Business and Finance, Elsevier, vol. 59(C).
    33. Chang Wen-ya & Tsai Hsueh-fang & Chang Juin-jen & Lin Hsieh-yu, 2018. "Interest rate rules and equilibrium (in)determinacy in a small open economy: the role of internationally traded capital," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-18, June.
    34. Sami Alpanda & Serdar Kabaca, 2020. "International Spillovers of Large-Scale Asset Purchases," Journal of the European Economic Association, European Economic Association, vol. 18(1), pages 342-391.
    35. Syarifuddin, Ferry & Izzulhaq, Syahid, 2020. "The Effectiveness of Futures-based Foreign Exchange Intervention: Comparative Studies of Brazil and India," MPRA Paper 104709, University Library of Munich, Germany.
    36. Gustavo Adler & Noemie Lisack & Rui Mano, 2015. "Unveiling the Effects of Foreign Exchange Intervention: A Panel Approach," IMF Working Papers 2015/130, International Monetary Fund.
    37. Anton Grui, 2020. "Uncovered interest parity with foreign exchange interventions under exchange rate peg and inflation targeting: The case of Ukraine," IHEID Working Papers 14-2020, Economics Section, The Graduate Institute of International Studies.
    38. Zineddine Alla, 2017. "Optimal policies in International Macroeconomics," Sciences Po publications info:hdl:2441/6kvjk9o32n8, Sciences Po.
    39. Renzo Rossini & Zenon Quispe & Enrique Serrano, 2013. "Foreign exchange intervention in Peru," BIS Papers chapters, in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 73, pages 243-262, Bank for International Settlements.
    40. Gustavo Adler & Rui Mano, 2016. "The Cost of Foreign Exchange Intervention: Concepts and Measurement," IMF Working Papers 2016/089, International Monetary Fund.
    41. Michal Andrle & Andrew Berg & R. Armando Morales & Rafael Portillo & Jan Vlcek, 2015. "On the Sources of Inflation in Kenya: A Model-Based Approach," South African Journal of Economics, Economic Society of South Africa, vol. 83(4), pages 475-505, December.
    42. Montoro, Carlos & Ortiz, Marco, 2023. "The portfolio balance channel of capital flows and foreign exchange intervention in a small open economy," Journal of International Money and Finance, Elsevier, vol. 133(C).
    43. Cavoli, Tony & Rajan, Ramkishen S., 2015. "Capital inflows and the interest premium problem: The effects of monetary sterilisation in selected Asian economies," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 1-18.
    44. Algozhina, Aliya, 2022. "Monetary policy rule, exchange rate regime, and fiscal policy cyclicality in a developing oil economy," Energy Economics, Elsevier, vol. 112(C).
    45. Adler, Gustavo & Lama, Ruy & Medina, Juan Pablo, 2019. "Foreign exchange intervention and inflation targeting: The role of credibility," Journal of Economic Dynamics and Control, Elsevier, vol. 106(C), pages 1-1.
    46. Francesca Caselli, 2017. "Did the Exchange Rate Floor Prevent Deflation in the Czech Republic?," IMF Working Papers 2017/206, International Monetary Fund.
    47. Richard T. Froyen & Alfred V. Guender, 2021. "The Mundellian Trilemma and Optimal Monetary Policy in a World of High Capital Mobility," Working Papers in Economics 21/08, University of Canterbury, Department of Economics and Finance.
    48. Shulgin, A., 2017. "Two-Dimensional Monetary Policy Shocks in DSGE-Model Estimated for Russia," Journal of the New Economic Association, New Economic Association, vol. 33(1), pages 75-115.
    49. CHAFIK, Omar, 2019. "Monetary policy in oil exporting countries with fixed exchange rate and open capital account: expectations matter," MPRA Paper 92558, University Library of Munich, Germany.
    50. Francesco Franco & Julio Antonio Rocha Delgado & Suzana Camacho Monteiro & Pedro Castro e Silva, 2015. "Exchange rate pressure in Angola," NOVAFRICA Working Paper Series wp1502, Universidade Nova de Lisboa, Nova School of Business and Economics, NOVAFRICA.
    51. Hossein Tavakolian & Hamed Ghiaie, 2019. "Optimal Inflation Targeting in a Dual-Exchange Rate Oil Economy," THEMA Working Papers 2019-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    52. Karsten Kohler, 2020. "Gross capital flows and the balance-of-payments: a balance sheet perspective," Working Papers PKWP2019, Post Keynesian Economics Society (PKES).
    53. Ghiaie, Hamed & Tabarraei, Hamid Reza & Tavakolian, Hossein, 2022. "Alternative monetary policy regimes in an oil-exporting economy," The Quarterly Review of Economics and Finance, Elsevier, vol. 83(C), pages 161-177.
    54. Nikola Fabris & Milena Lazić, 2022. "Evaluating the Role of the Exchange Rate in Monetary Policy Reaction Function of Advanced and Emerging Market Economies," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 11(2), pages 77-96.
    55. Martin Feldkircher & Florian Huber & Isabella Moder, 2016. "Modeling the evolution of monetary policy rules in CESEE," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 8-27.
    56. Samya Beidas-Strom & Marco Lorusso, 2019. "Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK," IMF Working Papers 2019/214, International Monetary Fund.
    57. Buffie, Edward F. & Airaudo, M. & Zanna, Felipe, 2018. "Inflation targeting and exchange rate management in less developed countries," Journal of International Money and Finance, Elsevier, vol. 81(C), pages 159-184.
    58. Mauricio Villamizar-Villegas & Yasin Kursat Onder, 2020. "Uncovering Time-Specific Heterogeneity in Regression Discontinuity Designs," Borradores de Economia 1141, Banco de la Republica de Colombia.
    59. Horacio Aguirre & Gustavo Cañonero & Mario Torriani, 2019. "Foreign exchange intervention and reserve accumulation in an emerging market economy: selected issues," BIS Papers chapters, in: Bank for International Settlements (ed.), Reserve management and FX intervention, volume 104, pages 57-74, Bank for International Settlements.
    60. Evan C. Tanner, 2018. "The Algebraic Galaxy of Simple Macroeconomic Models: A Hitchhiker’s Guide," Open Economies Review, Springer, vol. 29(1), pages 177-209, February.
    61. Montoro, Carlos & Ortiz, Marco, 2016. "Foreign exchange intervention and monetary policy design: a market microstructure analysis," Working Papers 2016-008, Banco Central de Reserva del Perú.
    62. Andrej Drygalla, 2023. "Monetary policy in an oil-dependent economy in the presence of multiple shocks," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(1), pages 185-214, February.
    63. Michal Andrle & Mr. Andrew Berg & Mr. R. Armando Morales & Mr. Rafael A Portillo & Mr. Jan Vlcek, 2013. "Forecasting and Monetary Policy Analysis in Low-Income Countries: Food and non-Food Inflation in Kenya," IMF Working Papers 2013/061, International Monetary Fund.
    64. Parrado, Eric, 2023. "An Exchange Rate Policy Rule," IDB Publications (Working Papers) 13347, Inter-American Development Bank.
    65. Syarifuddin, Ferry, 2020. "Macroeconomic Consequences of Foreign Exchange Futures Market for Inflation Targeting Economies," MPRA Paper 104810, University Library of Munich, Germany.
    66. Carlos Montoro & Marco Ortiz, 2020. "The Portfolio Channel of Capital Flows and Foreign Exchange Intervention in A Small Open Economy," Working Papers 168, Peruvian Economic Association.
    67. Lama, Ruy & Medina, Juan Pablo, 2020. "Mundell meets Poole: Managing capital flows with multiple instruments in emerging economies," Journal of International Money and Finance, Elsevier, vol. 109(C).
    68. Michal Andrle & Mr. Andrew Berg & Mr. Enrico G Berkes & Mr. Rafael A Portillo & Mr. Jan Vlcek & Mr. R. Armando Morales, 2013. "Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya," IMF Working Papers 2013/239, International Monetary Fund.
    69. Yossi Yakhin, 2024. "Foreign Exchange Interventions in the New-Keynesian Model: Transmission, Policy, and Welfare," Bank of Israel Working Papers 2024.01, Bank of Israel.

  13. Michal Andrle & Mr. Andrew Berg & Mr. R. Armando Morales & Mr. Rafael A Portillo & Mr. Jan Vlcek, 2013. "Forecasting and Monetary Policy Analysis in Low-Income Countries: Food and non-Food Inflation in Kenya," IMF Working Papers 2013/061, International Monetary Fund.

    Cited by:

    1. Fadia Al Hajj & Gilles Dufrénot & Kimiko Sugimoto & Romain Wolf, 2015. "Reactions to Shocks and Monetary Policy Regimes: Inflation Targeting Versus Flexible Currency Board in Sub-Saharan Africa," The Developing Economies, Institute of Developing Economies, vol. 53(4), pages 237-271, December.
    2. Gerson Nhapulo & João Nicolau, 2017. "Assessing Nonlinear Dynamics of Central Bank Reaction Function: The Case of Mozambique," South African Journal of Economics, Economic Society of South Africa, vol. 85(1), pages 28-51, March.
    3. Ms. Luisa Charry & Pranav Gupta & Mr. Vimal V Thakoor, 2014. "Introducing a Semi-Structural Macroeconomic Model for Rwanda," IMF Working Papers 2014/159, International Monetary Fund.
    4. Ashwin Madhou & Tayushma Sewak & Imad Moosa & Vikash Ramiah & Florian Gerth, 2021. "Towards Full-Fledged Inflation Targeting Monetary Policy Regime in Mauritius," JRFM, MDPI, vol. 14(3), pages 1-18, March.
    5. Mr. Andrew Berg & Ms. Luisa Charry & Mr. Rafael A Portillo & Mr. Jan Vlcek, 2013. "The Monetary Transmission Mechanism in the Tropics: A Narrative Approach," IMF Working Papers 2013/197, International Monetary Fund.
    6. Kris Boudt & Hong Anh Luu, 2022. "Estimation and decomposition of food price inflation risk," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 31(2), pages 295-319, June.
    7. Marcela De Castro-Valderrama & Santiago Forero-Alvarado & Nicolas Moreno-Arias & Sara Naranjo-Saldarriaga, 2022. "Unravelling the Narratives Behind Macroeconomic Forecasts," IHEID Working Papers 18-2022, Economics Section, The Graduate Institute of International Studies.
    8. Janine Aron & John Muellbauer & Rachel Sebudde, 2015. "Inflation forecasting models for Uganda: is mobile money relevant?," CSAE Working Paper Series 2015-17, Centre for the Study of African Economies, University of Oxford.
    9. Allan Dizioli & Jochen M. Schmittmann, 2015. "A Macro-Model Approach to Monetary Policy Analysis and Forecasting for Vietnam," IMF Working Papers 2015/273, International Monetary Fund.
    10. Mohajan, Haradhan, 2014. "Food and Nutrition Scenario of Kenya," MPRA Paper 56218, University Library of Munich, Germany, revised 23 May 2014.
    11. Mohajan, Haradhan, 2013. "Poverty and economic development of Kenya," MPRA Paper 51072, University Library of Munich, Germany, revised 06 Jul 2013.
    12. Misati, Roseline Nyakerario & Munene, Olive, 2015. "Second Round Effects And Pass-Through Of Food Prices To Inflation In Kenya," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 3(3), pages 1-13, July.
    13. Marcela De Castro-Valderrama & Santiago Forero-Alvarado & Nicolás Moreno-Arias & Sara Naranjo-Saldarriaga, 2021. "Unraveling the Exogenous Forces Behind Analysts’ Macroeconomic Forecasts," Borradores de Economia 1184, Banco de la Republica de Colombia.
    14. González-Gómez, Andrés & Guarín-López, Alexander & Rodríguez, Diego & Vargas-Herrera, Hernando, 2020. "4GM: A New Model for the Monetary Policy Analysis in Colombia," Working papers 31, Red Investigadores de Economía.
    15. Doojav, Gan-Ochir & Gantumur, Munkhbayar, 2020. "Measuring the natural rate of interest in a commodity exporting economy: Evidence from Mongolia," International Economics, Elsevier, vol. 161(C), pages 199-218.
    16. Mr. Rafael A Portillo & Luis-Felipe Zanna & Mr. Stephen A. O'Connell & Richard Peck, 2016. "Implications of Food Subsistence for Monetary Policy and Inflation," IMF Working Papers 2016/070, International Monetary Fund.
    17. Bhattacharya, Rudrani & Patnaik,Ila, 2014. "Monetary policy analysis in an inflation targeting framework in emerging economies: The case of India," Working Papers 14/131, National Institute of Public Finance and Policy.
    18. Michal Andrle & Mr. Andrew Berg & Mr. Enrico G Berkes & Mr. Rafael A Portillo & Mr. Jan Vlcek & Mr. R. Armando Morales, 2013. "Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya," IMF Working Papers 2013/239, International Monetary Fund.

  14. Mr. Andrew Berg & Ms. Luisa Charry & Mr. Rafael A Portillo & Mr. Jan Vlcek, 2013. "The Monetary Transmission Mechanism in the Tropics: A Narrative Approach," IMF Working Papers 2013/197, International Monetary Fund.

    Cited by:

    1. Mr. Ales Bulir & Mr. Jan Vlcek, 2020. "Monetary Policy Is Not Always Systematic and Data-Driven: Evidence from the Yield Curve," IMF Working Papers 2020/004, International Monetary Fund.
    2. Mr. Calixte Ahokpossi & Pilar Garcia Martinez & Laurent Kemoe, 2016. "Monetary and Fiscal Policies and the Dynamics of the Yield Curve in Morocco," IMF Working Papers 2016/103, International Monetary Fund.
    3. Anh D.M. Nguyen & Jemma Dridib & Filiz D. Unsal & Oral H. Williams, 2017. "On the drivers of inflation in Sub-Saharan Africa," International Economics, CEPII research center, issue 151, pages 71-84.
    4. Nyorekwa, Enock Twinoburyo & Odhiambo, Nicholas Mbaya, 2016. "Can monetary policy drive economic growth? Empirical evidence from Tanzania," Working Papers 21122, University of South Africa, Department of Economics.
    5. Charles Abuka & Ronnie K. Alinda & Camelia Minoiu & Jose-Luis Peydro & Andrea Filippo Presbitero, 2015. "Monetary Policy in a Developing Country: Loan Applications and Real Effects," Mo.Fi.R. Working Papers 114, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    6. Warburton, C.E.S., 2014. "Macroeconometric Stabilization And Imf Policies: A Surveillance Of Inflation," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 23(4), pages 7-22.
    7. BIKAI, J. Landry & KENKOUO, Guy Albert, 2015. "Analysis and evaluation of the Monetary Policy Transmission Channels in the CEMAC: A SVAR and SPVAR Approaches," MPRA Paper 78227, University Library of Munich, Germany.
    8. Tim Willems, 2020. "Online Appendix to "What Do Monetary Contractions Do? Evidence From\ Large Tightenings"," Online Appendices 19-163, Review of Economic Dynamics.
    9. Dridi, Jemma & Nguyen, Anh D. M., 2017. "Inflation Convergence In East African Countries," MPRA Paper 80393, University Library of Munich, Germany.
    10. Tadadjeu Wemba, Dessy-Karl & Essiane, Patrick-Nelson Daniel, 2019. "La crédibilité des politiques monétaires affecte-t-elle la croissance économique en Afrique subsaharienne? [Does the credibility of monetary policies affect economic growth in Sub-Saharan Africa?]," MPRA Paper 99961, University Library of Munich, Germany.
    11. Nyorekwa, Enock Twinoburyo & Odhiambo, Nicholas Mbaya, 2016. "Monetary policy and economic growth in Kenya:The role of money supply and interest rates," Working Papers 20712, University of South Africa, Department of Economics.
    12. Montiel, Peter J., 2015. "Monetary transmission in low-income countries : an overview," ILO Working Papers 994881153402676, International Labour Organization.
    13. Mr. Luis Brandão-Marques & Mr. Gaston Gelos & Mr. Thomas Harjes & Ms. Ratna Sahay & Yi Xue, 2020. "Monetary Policy Transmission in Emerging Markets and Developing Economies," IMF Working Papers 2020/035, International Monetary Fund.
    14. Hénock Muanza Katuala, 2020. "Monetary Policy, Monetary Stability And Economic Growth In The Democratic Republic Of Congo [Politique Monetaire, Stabilite Monetaire Et Croissance Economique En Republique Democratique Du Congo]," Working Papers hal-02616124, HAL.
    15. Peydró, José-Luis & Abuka, Charles & Alinda, Ronnie & , & Minoiu, Camelia, 2017. "Financial Development and Monetary Policy: Loan Applications, Rates, and Real Effects," CEPR Discussion Papers 12171, C.E.P.R. Discussion Papers.
    16. Simplice A. Asongu & Oludele E. Folarin & Nicholas Biekpe, 2020. "The Long Run Stability of Money in the Proposed East African Monetary Union," Research Africa Network Working Papers 20/034, Research Africa Network (RAN).
    17. Ms. Grace B Li & Mr. Stephen A. O'Connell & Mr. Christopher S Adam & Mr. Andrew Berg & Mr. Peter J Montiel, 2016. "VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries," IMF Working Papers 2016/090, International Monetary Fund.
    18. Carlos Goncalves, 2015. "Taylor Visits Africa," IMF Working Papers 2015/258, International Monetary Fund.
    19. Mr. Giovanni Melina & Mr. Rafael A Portillo, 2018. "Economic Fluctuations in Sub-Saharan Africa," IMF Working Papers 2018/040, International Monetary Fund.
    20. Ebenezer Olamide & Andrew Maredza & Kanayo Ogujiuba, 2022. "Monetary Policy, External Shocks and Economic Growth Dynamics in East Africa: An S-VAR Model," Sustainability, MDPI, vol. 14(6), pages 1-19, March.
    21. Junankar, Pramod N. (Raja), 2019. "Monetary Policy, Growth and Employment in Developing Areas: A Review of the Literature," IZA Discussion Papers 12197, Institute of Labor Economics (IZA).
    22. Tim Willems, 2018. "What Do Monetary Contractions Do? Evidence From Large, Unanticipated Tightenings," IMF Working Papers 2018/211, International Monetary Fund.
    23. Bulíř, Aleš & Vlček, Jan, 2021. "Monetary transmission: Are emerging market and low-income countries different?," Journal of Policy Modeling, Elsevier, vol. 43(1), pages 95-108.
    24. Michal Andrle & Mr. Andrew Berg & Mr. Enrico G Berkes & Mr. Rafael A Portillo & Mr. Jan Vlcek & Mr. R. Armando Morales, 2013. "Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya," IMF Working Papers 2013/239, International Monetary Fund.
    25. Awdeh Ali, 2018. "Long-run and Short-run Monetary Policy Transmission Channels in Lebanon," Review of Middle East Economics and Finance, De Gruyter, vol. 14(1), pages 1-26, April.

  15. Mr. Jaromir Benes & Mr. Andrew Berg & Mr. Rafael A Portillo & Mai Dao & Mr. Alfredo Baldini, 2012. "Monetary Policy in Low Income Countries in the Face of the Global Crisis: The Case of Zambia," IMF Working Papers 2012/094, International Monetary Fund.

    Cited by:

    1. Filiz Unsal & Margarita Rubio, 2016. "Macroprudential Policies in Low-Income Countries," 2016 Meeting Papers 1230, Society for Economic Dynamics.
    2. Anthony M. Simpasa & Boaz Nandwa & Tiguéné Nabassaga, 2014. "Working Paper - 211 - Bank Lending Channel of Monetary Policy Transmission in Zambia: Evidence from Bank-Level Data," Working Paper Series 2147, African Development Bank.
    3. Francis Leni Anguyo & Rangan Gupta & Kevin Kotze, 2017. "Monetary Policy and Financial Frictions in a Small Open-Economy Model for Uganda," School of Economics Macroeconomic Discussion Paper Series 2017-01, School of Economics, University of Cape Town.
    4. International Monetary Fund, 2011. "Zambia: Ex Post Assessment of Longer-Term Program Engagement: Update," IMF Staff Country Reports 2011/197, International Monetary Fund.
    5. Michal Andrle & Andrew Berg & R. Armando Morales & Rafael Portillo & Jan Vlcek, 2015. "On the Sources of Inflation in Kenya: A Model-Based Approach," South African Journal of Economics, Economic Society of South Africa, vol. 83(4), pages 475-505, December.
    6. Jane Mpapalika & Christopher Malikane, 2019. "The Determinants of Sovereign Risk Premium in African Countries," JRFM, MDPI, vol. 12(1), pages 1-20, February.
    7. Ms. Grace B Li & Mr. Stephen A. O'Connell & Mr. Christopher S Adam & Mr. Andrew Berg & Mr. Peter J Montiel, 2016. "VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries," IMF Working Papers 2016/090, International Monetary Fund.
    8. Mr. Robert Blotevogel, 2013. "Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions: Lessons from Mauritania," IMF Working Papers 2013/077, International Monetary Fund.
    9. Michal Andrle & Mr. Andrew Berg & Mr. R. Armando Morales & Mr. Rafael A Portillo & Mr. Jan Vlcek, 2013. "Forecasting and Monetary Policy Analysis in Low-Income Countries: Food and non-Food Inflation in Kenya," IMF Working Papers 2013/061, International Monetary Fund.

  16. Mr. Andrew Berg & Mr. Rafael A Portillo & Mr. Edward F Buffie & Ms. Catherine A Pattillo & Luis-Felipe Zanna, 2012. "Public Investment, Growth, and Debt Sustainability: Putting together the Pieces," IMF Working Papers 2012/144, International Monetary Fund.

    Cited by:

    1. Ibrahim Ari & Muammer Koc, 2018. "Sustainable Financing for Sustainable Development: Understanding the Interrelations between Public Investment and Sovereign Debt," Sustainability, MDPI, vol. 10(11), pages 1-25, October.
    2. SENBETA, Sisay Regassa, 2013. "Foreign exchange constraints and macroeconomic dynamics in a small open economy," Working Papers 2013023, University of Antwerp, Faculty of Business and Economics.
    3. Mr. Andrew Berg & Mr. Enrico G Berkes & Ms. Catherine A Pattillo & Mr. Andrea F Presbitero & Mr. Yorbol Yakhshilikov, 2014. "Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries," IMF Working Papers 2014/048, International Monetary Fund.
    4. Mr. Yehenew Endegnanew & Dawit Tessema, 2019. "Public Investment in Bolivia: Prospects and Implications," IMF Working Papers 2019/151, International Monetary Fund.
    5. Shen, Wenyi & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2018. "Government spending effects in low-income countries," Journal of Development Economics, Elsevier, vol. 133(C), pages 201-219.
    6. Daniel Gurara & Mr. Kangni R Kpodar & Mr. Andrea F Presbitero & Dawit Tessema, 2020. "On the Capacity to Absorb Public Investment: How Much is Too Much?," IMF Working Papers 2020/048, International Monetary Fund.
    7. Danny Cassimon & Karel Verbeke & Dennis Essers, 2017. "The IMF-WB Debt Sustainability Framework: Procedures, Applications and Criticisms," Development Finance Agenda, Chartered Institute of Development Finance, vol. 3(1), pages 4-6.
    8. Lacina Balma & Daniel Gurara, 2019. "Working Paper 324 - Public Investment, Time-to-Build, and Fiscal Stimulus," Working Paper Series 2450, African Development Bank.
    9. Mr. Magnus Saxegaard, 2014. "Safe Debt and Uncertainty in Emerging Markets: An Application to South Africa," IMF Working Papers 2014/231, International Monetary Fund.
    10. Lacina Balma & Mthuli Ncube, 2015. "Macroeconomic Challenges of Structural Transformation: Public Investment, Growth and Debt Sustainability in Sierra Leone," IMF Working Papers 2015/164, International Monetary Fund.
    11. Salifou Issoufou & Mr. Edward F Buffie & Mouhamadou Bamba Diop & Kalidou Thiaw, 2014. "Efficient Energy Investment and Fiscal Adjustment in Senegal," IMF Working Papers 2014/044, International Monetary Fund.
    12. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Ye,Lei Sandy & Islamaj,Ergys, 2017. "Weakness in investment growth : causes, implications and policy responses," Policy Research Working Paper Series 7990, The World Bank.
    13. Gunbileg Ganbayar, 2021. "Analysis of External Debt Sustainability in Mongolia: an Estimated DSGE Approach," Sustainability, MDPI, vol. 13(15), pages 1-17, July.
    14. Mr. John W Clark JR & Mr. Birgir Arnason, 2014. "Surging Investment and Declining Aid: Evaluating Debt Sustainability in Rwanda," IMF Working Papers 2014/051, International Monetary Fund.
    15. Christine J. Richmond & Irene Yackovlev & Ms. Susan S. Yang, 2013. "Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola," IMF Working Papers 2013/147, International Monetary Fund.
    16. Mr. Takuji Komatsuzaki, 2016. "Improving Public Infrastructure in the Philippines," IMF Working Papers 2016/039, International Monetary Fund.
    17. Ampofo, Gideon Minua Kwaku & Jinhua, Cheng & Bosah, Philip Chukwunonso & Ayimadu, Edwin Twum & Senadzo, Patrick, 2021. "Nexus between total natural resource rents and public debt in resource-rich countries:A panel data analysis," Resources Policy, Elsevier, vol. 74(C).
    18. Aqib Aslam & Enrico Berkes & Martin Fukac & Jeta Menkulasi & Axel Schimmelpfennig, 2014. "Afghanistan: Balancing Social and Security Spending in the Context of a Shrinking Resource Envelope," Asian Development Review, MIT Press, vol. 31(2), pages 165-197, September.
    19. Mr. Adrian Alter & Matteo Ghilardi & Ms. Dalia S Hakura, 2015. "Public Investment in a Developing Country Facing Resource Depletion," IMF Working Papers 2015/236, International Monetary Fund.
    20. Araujo, Juliana D. & Li, Bin Grace & Poplawski-Ribeiro, Marcos & Zanna, Luis-Felipe, 2016. "Current account norms in natural resource rich and capital scarce economies," Journal of Development Economics, Elsevier, vol. 120(C), pages 144-156.
    21. Zac Mills & Ms. Annette J Kyobe & Mr. Jim Brumby & Mr. Chris Papageorgiou & Ms. Era Dabla-Norris, 2011. "Investing in Public Investment: An Index of Public Investment Efficiency," IMF Working Papers 2011/037, International Monetary Fund.
    22. Ding Ding & Mr. Waikei R Lam & Mr. Shanaka J Peiris, 2014. "Future of Asia’s Finance: How Can it Meet Challenges of Demographic Change and Infrastructure Needs?," IMF Working Papers 2014/126, International Monetary Fund.
    23. Mr. Andrew M. Warner, 2013. "A Framework for Efficient Government Investment," IMF Working Papers 2013/058, International Monetary Fund.
    24. International Monetary Fund, 2013. "Republic of Kazakhstan: Selected Issues," IMF Staff Country Reports 2013/291, International Monetary Fund.
    25. Huixin Bi & Ms. Wenyi Shen & Ms. Susan S. Yang, 2014. "Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries," IMF Working Papers 2014/049, International Monetary Fund.
    26. Amarachukwu Anthony ANYANWU, 2021. "Debt-financed public investment in developing countries: Does the efficiency of public investment matter?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(626), S), pages 259-272, Spring.
    27. Levine,Paul Leslie & Melina,Giovanni & Onder,Harun & Levine,Paul Leslie & Melina,Giovanni & Onder,Harun, 2016. "Non-renewable resources, fiscal rules, and human capital," Policy Research Working Paper Series 7695, The World Bank.
    28. Christopher Adam & David Bevan & Douglas Gollin, 2016. "Rural-Urban Linkages, Public Investment and Transport Costs: The Case of Tanzania," CSAE Working Paper Series 2016-01, Centre for the Study of African Economies, University of Oxford.
    29. Michele Andreolli & Aidar Abdychev, 2016. "Investing in Electricity, Growth, and Debt Sustainability: The Case of Lesotho," IMF Working Papers 2016/115, International Monetary Fund.
    30. Sayed O. M. Timuno & Joel Hinaunye Eita & Lanouar Charfeddine, 2020. "Towards an effective fiscal stimulus: Evidence from Botswana," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1790948-179, January.
    31. Bi, Huixin & Shen, Wenyi & Yang, Shu-Chun S., 2016. "Fiscal limits in developing countries: A DSGE Approach," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 119-130.
    32. International Monetary Fund, 2014. "The Federal Democratic Republic of Ethiopia: Selected Issues Paper," IMF Staff Country Reports 2014/304, International Monetary Fund.
    33. International Monetary Fund, 2016. "Kyrgyz Republic: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by t," IMF Staff Country Reports 2016/186, International Monetary Fund.
    34. Ms. Corinne C Delechat & Mr. John W Clark JR & Pranav Gupta & Ms. Malangu Kabedi-Mbuyi & Mr. Mesmin Koulet-Vickot & Ms. Carla Macario & Mr. Toomas Orav & Mr. Manuel Rosales Torres & Rene Tapsoba & Dmi, 2015. "Harnessing Resource Wealth for Inclusive Growth in Fragile States," IMF Working Papers 2015/025, International Monetary Fund.
    35. Maximilien Kaffo Melou & Mariusz A. Sumlinski & Chris Geiregat, 2014. "An Application of the "Fan-Chart Approach" to Debt Sustainability in Post-HIPC Low-Income Countries," IMF Working Papers 2014/102, International Monetary Fund.
    36. Chuku Chuku & Jacob Oduor & Anthony Simpasa & Peter Mwanakatwe, 2019. "Working Paper 318 - A DGE Model for Growth and Development Planning: Malawi," Working Paper Series 2444, African Development Bank.
    37. Canofari, Paolo & Piergallini, Alessandro & Piersanti, Giovanni, 2018. "The Fallacy of Fiscal Discipline," MPRA Paper 88427, University Library of Munich, Germany.
    38. Mr. Edward F Buffie & Michele Andreolli & Ms. Grace B Li & Luis-Felipe Zanna, 2016. "Macroeconomic Dimensions of Public-Private Partnerships," IMF Working Papers 2016/078, International Monetary Fund.
    39. Melina, Giovanni & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2016. "Debt sustainability, public investment, and natural resources in developing countries: The DIGNAR model," Economic Modelling, Elsevier, vol. 52(PB), pages 630-649.
    40. Adam, Christopher & Bevan, David, 2020. "Tropical cyclones and post-disaster reconstruction of public infrastructure in developing countries," Economic Modelling, Elsevier, vol. 93(C), pages 82-99.
    41. International Monetary Fund, 2015. "Central African Economic and Monetary Community (CEMAC): Selected Issues," IMF Staff Country Reports 2015/308, International Monetary Fund.
    42. Arnold McIntyre & Ahmed El-Ashram & Mr. Márcio Valério Ronci & Julien Reynaud & Ms. Natasha X Che & Ke Wang & Mr. Sebastian Acevedo Mejia & Mr. Mark Scott Lutz, 2016. "Caribbean Energy: Macro-Related Challenges," IMF Working Papers 2016/053, International Monetary Fund.
    43. Olegs Tkacevs, 2020. "Secular Decline in Public Investment: are National Fiscal Rules to Blame?," Working Papers 2020/04, Latvijas Banka.
    44. Abdelouahab MAAROUF & Omar AHMED, 2021. "Djibouti'S External Public Debt: Sustainability And Impact On Economic Growth [La Dette Publique Extérieure De Djibouti : Soutenabilité Et Impact Sur La Croissance Économique]," Working Papers halshs-03280083, HAL.
    45. Wang, Wencheng & Ning, Zinan & Shu, Yang & Riti, Joshua Sunday & Riti, Miriam-Kamah J., 2023. "Natural resource rents and public debts nexus in African resource-rich and most indebted nations: Issues with aggregation bias," Resources Policy, Elsevier, vol. 82(C).
    46. Qiongzhi Liu & Chan Luo, 2019. "The Impact of Government Integrity on Investment Efficiency in Regional Transportation Infrastructure in China," Sustainability, MDPI, vol. 11(23), pages 1-13, November.
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    48. Zoundi, Zakaria, 2015. "The Absorption and Spending Capacity of Aid in the Economic Community of West African States," MPRA Paper 66736, University Library of Munich, Germany, revised 23 Aug 2015.
    49. International Monetary Fund, 2012. "Liberia: 2012 Article IV Consultation," IMF Staff Country Reports 2012/340, International Monetary Fund.
    50. Andrew Berg & Edward F. Buffie & Catherine Pattillo & Rafael Portillo & Andrea F. Presbitero & Luis‐Felipe Zanna, 2019. "Some Misconceptions About Public Investment Efficiency and Growth," Economica, London School of Economics and Political Science, vol. 86(342), pages 409-430, April.
    51. Barbosa, Diogo & Carvalho, Vitor M. & Pereira, Paulo J., 2016. "Public stimulus for private investment: An extended real options model," Economic Modelling, Elsevier, vol. 52(PB), pages 742-748.
    52. Mr. Antonio David & Luis-Felipe Zanna & Mr. Raphael A Espinoza & Michal Andrle & Marshall Mills, 2012. "As You sow so Shall You Reap: Public Investment Surges, Growth, and Debt Sustainability in togo," IMF Working Papers 2012/127, International Monetary Fund.
    53. Mr. Andrew M. Warner, 2014. "Public Investment as an Engine of Growth," IMF Working Papers 2014/148, International Monetary Fund.
    54. International Monetary Fund, 2013. "Haiti: Selected Issues," IMF Staff Country Reports 2013/091, International Monetary Fund.
    55. Matteo Ghilardi & Mr. Sergio Sola, 2015. "Investment Scaling-up and the Role of Government: the Case of Benin," IMF Working Papers 2015/069, International Monetary Fund.
    56. Achua, Joseph Kwaghkor & Yusuf, Mariam & Wakdok, Samuel Stephen, 2022. "Nonlinear public debt and resource rent nexus in highly indebted resource-rich sub-Saharan economies: Evidence from Nigeria," Resources Policy, Elsevier, vol. 79(C).
    57. Amir Sadeghi, 2018. "How Public Investment Could Help Strengthen Iran’s Growth Potential: Issues and Options," IMF Working Papers 2018/129, International Monetary Fund.
    58. Mr. John W Clark JR & Mr. Manuel Rosales Torres, 2013. "The Investment-Financing-Growth Nexus: The Case of Liberia," IMF Working Papers 2013/237, International Monetary Fund.
    59. Cavalcanti, Carlos B. & Marrero, Gustavo A. & Le, Tuan Minh, 2014. "Measuring the impact of debt-financed public investment," Policy Research Working Paper Series 6766, The World Bank.
    60. Suescun, Rodrigo, 2020. "A tool for fiscal policy planning in a medium-term fiscal framework: The FMM-MTFF model," Economic Modelling, Elsevier, vol. 88(C), pages 431-446.
    61. Cho, Yoonyoung & Tien, Bienvenue N., 2014. "Sub-Saharan Africa's recent growth spurt : an analysis of the sources of growth," Policy Research Working Paper Series 6862, The World Bank.
    62. Mr. Christopher S Adam & Mr. David Bevan, 2014. "Public Investment, Public Finance, and Growth: The Impact of Distortionary Taxation, Recurrent Costs, and Incomplete Appropriability," IMF Working Papers 2014/073, International Monetary Fund.
    63. Gurara, Daniel & Kpodar, Kangni & Presbitero, Andrea F. & Tessema, Dawit, 2021. "On the capacity to absorb public investment: How much is too much?☆," World Development, Elsevier, vol. 145(C).
    64. Charles Wyplosz, 2011. "Debt Sustainability Assessment: Mission Impossible," Review of Economics and Institutions, Università di Perugia, vol. 2(3).
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    67. Lofgren, Hans & Cicowiez, Martin, 2021. "Infrastructure in CGE models: Alternative formulations, empirical evidence, and a new approach," Conference papers 333280, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    68. Cahyadin, Malik & Sarmidi, Tamat, 2019. "The Impact of Foreign Direct Investment, Labour Force, and External Debt on Economic Growth in Indonesia and Malaysia," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(1), pages 171-185.
    69. Philipp Harms & Joachim Lutz, 2014. "Foreign vs. domestic public debt and the composition of government expenditure: A political-economy approach," Working Papers 1415, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 20 Nov 2014.
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    71. Ms. Anja Baum & Andrew Hodge & Ms. Aiko Mineshima & Ms. Marialuz Moreno Badia & Rene Tapsoba, 2017. "Can They Do It All? Fiscal Space in Low-Income Countries," IMF Working Papers 2017/110, International Monetary Fund.
    72. Zoundi, Zakaria, 2015. "On The Trade-Off Between Welfare and Peace: Evidence from West African Countries Using a Quantile Regression," MPRA Paper 79776, University Library of Munich, Germany, revised 2016.
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  17. Mr. Andrew Berg & Mr. Rafael A Portillo & Ms. Susan S. Yang & Luis-Felipe Zanna, 2012. "Public Investment in Resource-Abundant Developing Countries," IMF Working Papers 2012/274, International Monetary Fund.

    Cited by:

    1. Edouard Mien & Michaël Goujon, 2021. "40 Years of Dutch Disease Literature: Lessons for Developing Countries," Working Papers hal-03256078, HAL.
    2. Mathilde Lebrand & Garima Vasishtha & Hakan Yilmazkuday, 2023. "Energy Price Shocks and Current Account Balances: Evidence from Emerging Market and Developing Economies," Working Papers 2305, Florida International University, Department of Economics.
    3. Alvaro Aguirre, 2021. "Optimal Spending and Saving Strategies for Commodity-Rich Countries," Working Papers Central Bank of Chile 909, Central Bank of Chile.
    4. Ngomba Bodi, Francis Ghislain, 2022. "External constraint and procyclicality of monetary policy of the Bank of Central African States (BEAC)," MPRA Paper 116375, University Library of Munich, Germany.
    5. Agénor, Pierre-Richard, 2016. "Optimal fiscal management of commodity price shocks," Journal of Development Economics, Elsevier, vol. 122(C), pages 183-196.
    6. Daniel Gurara & Mr. Kangni R Kpodar & Mr. Andrea F Presbitero & Dawit Tessema, 2020. "On the Capacity to Absorb Public Investment: How Much is Too Much?," IMF Working Papers 2020/048, International Monetary Fund.
    7. Mariusz Jarmuzek & Diego Mesa Puyo & Najla Nakhle, 2014. "Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon," IMF Working Papers 2014/193, International Monetary Fund.
    8. Blaise Gnimassoun & Marc Joëts & Tovonony Razafindrabe, 2017. "On the link between current account and oil price fluctuations in diversified economies : The case of Canada," Post-Print halshs-01615104, HAL.
    9. Cherif, Reda & Hasanov, Fuad, 2013. "Oil Exporters’ Dilemma: How Much to Save and How Much to Invest," World Development, Elsevier, vol. 52(C), pages 120-131.
    10. van der Ploeg, Frederick, 2016. "Macro Policy Responses To Natural Resource Windfalls And The Crash In Commodity Prices," CEPR Discussion Papers 11520, C.E.P.R. Discussion Papers.
    11. Sameera Awawda & Mohammad Abu-Zaineh, 2019. "An Operationalizing Theoretical Framework for the Analysis of Universal Health Coverage Reforms: First Test on an Archetype Developing Economy," Working Papers halshs-02009858, HAL.
    12. Carter, Patrick & Postel-Vinay, Fabien & Temple, Jonathan, 2015. "Dynamic aid allocation," Journal of International Economics, Elsevier, vol. 95(2), pages 291-304.
    13. Salifou Issoufou & Mr. Edward F Buffie & Mouhamadou Bamba Diop & Kalidou Thiaw, 2014. "Efficient Energy Investment and Fiscal Adjustment in Senegal," IMF Working Papers 2014/044, International Monetary Fund.
    14. Gunbileg Ganbayar, 2021. "Analysis of External Debt Sustainability in Mongolia: an Estimated DSGE Approach," Sustainability, MDPI, vol. 13(15), pages 1-17, July.
    15. Segal, Paul, 2012. "How to spend it: Resource wealth and the distribution of resource rents," Energy Policy, Elsevier, vol. 51(C), pages 340-348.
    16. Andrea Filippo Presbitero, 2015. "Too much and too fast? Public investment scaling-up and abssoptive capacity," Mo.Fi.R. Working Papers 115, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    17. Christine J. Richmond & Irene Yackovlev & Ms. Susan S. Yang, 2013. "Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola," IMF Working Papers 2013/147, International Monetary Fund.
    18. Ms. Xin C Xu & Ahmed El-Ashram & Judith Gold, 2015. "Too Much of a Good Thing? Prudent Management of Inflows under Economic Citizenship Programs," IMF Working Papers 2015/093, International Monetary Fund.
    19. Vicente Alcaraz Carrillo de Albornoz & Antonio Lara Galera & Juan Molina Millán & Belén Muñoz Medina, 2023. "Public–Private Partnerships: Left or Right Government Economic Policy?," Public Organization Review, Springer, vol. 23(4), pages 1523-1544, December.
    20. Khezri, Mohsen & Heshmati, Almas & Ghazal, Reza & Khodaei, Mehdi, 2022. "Non-resource revenues and the resource curse in different institutional structures: The DIGNAR-MTFF model," Resources Policy, Elsevier, vol. 79(C).
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    23. Mr. Adrian Alter & Matteo Ghilardi & Ms. Dalia S Hakura, 2015. "Public Investment in a Developing Country Facing Resource Depletion," IMF Working Papers 2015/236, International Monetary Fund.
    24. Troug, Haytem, 2020. "The heterogeneity among commodity-rich economies: Beyond the prices of commodities," Journal of Macroeconomics, Elsevier, vol. 66(C).
    25. Araujo, Juliana D. & Li, Bin Grace & Poplawski-Ribeiro, Marcos & Zanna, Luis-Felipe, 2016. "Current account norms in natural resource rich and capital scarce economies," Journal of Development Economics, Elsevier, vol. 120(C), pages 144-156.
    26. Juan F. Guerra‐Salas, 2018. "Latin America'S Declining Skill Premium: A Macroeconomic Analysis," Economic Inquiry, Western Economic Association International, vol. 56(1), pages 620-636, January.
    27. Mr. Alan H. Gelb & Mr. Arnaud Dupuy & Mr. Rabah Arezki, 2012. "Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity," IMF Working Papers 2012/200, International Monetary Fund.
    28. Aaron Walker & Rod Tyers, 2013. "Quantifying Australia's "Three Speed" Boom," Economics Discussion / Working Papers 13-06, The University of Western Australia, Department of Economics.
    29. Mr. Tokhir N Mirzoev & Ling Zhu, 2019. "Rethinking Fiscal Policy in Oil-Exporting Countries," IMF Working Papers 2019/108, International Monetary Fund.
    30. International Monetary Fund, 2013. "Republic of Kazakhstan: Selected Issues," IMF Staff Country Reports 2013/291, International Monetary Fund.
    31. Emmanuel Pinto Moreira & Barış Alpaslan, 2023. "Algeria: A three‐sector macrofiscal model for debt sustainability and growth policy analysis," Review of Development Economics, Wiley Blackwell, vol. 27(1), pages 499-524, February.
    32. Rick Van der Ploeg, 2016. "Macro Policy Responses To Natural Resource Windfalls," OxCarre Working Papers 178, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    33. Gerhard Glomm & Juergen Jung, 2013. "A Macroeconomic Analysis of Energy Subsidies in a Small Open Economy," Working Papers 2013-02, Towson University, Department of Economics, revised Oct 2014.
    34. Lukas Vogel & Stefan Hohberger & Bernhard Herz, 2015. "Should Commodity Exporters Peg to the Export Price?," Review of Development Economics, Wiley Blackwell, vol. 19(3), pages 486-501, August.
    35. Levine,Paul Leslie & Melina,Giovanni & Onder,Harun & Levine,Paul Leslie & Melina,Giovanni & Onder,Harun, 2016. "Non-renewable resources, fiscal rules, and human capital," Policy Research Working Paper Series 7695, The World Bank.
    36. Hamed Ghiaie & Hamidreza Tabarraei & Asghar Shahmoradi, 2021. "Financial rigidities and oil‐based business cycles," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5183-5196, October.
    37. Peres-Cajías, José & Torregrosa-Hetland, Sara & Ducoing, Cristián, 2022. "Resource abundance and public finances in five peripheral economies, 1850s–1930s," Resources Policy, Elsevier, vol. 76(C).
    38. Blaise Gnimassoun & Marc Joëts & Tovonony Razafindrabe, 2016. "On the link between current account and oil price fluctuations in diversified economies: The case of Canada," Working Papers hal-04141574, HAL.
    39. Davaajargal Lkhagva & Zheng Wang & Changxin Liu, 2019. "Mining Booms and Sustainable Economic Growth in Mongolia—Empirical Result from Recursive Dynamic CGE Model," Economies, MDPI, vol. 7(2), pages 1-16, May.
    40. Sayed O. M. Timuno & Joel Hinaunye Eita & Lanouar Charfeddine, 2020. "Towards an effective fiscal stimulus: Evidence from Botswana," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1790948-179, January.
    41. Sherman Robinson & Shantayanan Devarajan , Yazid Dissou , Delfin S. Go, 2015. "Budget Rules and Resource Booms and Busts: A Dynamic Stochastic General Equilibrium Analysis," EcoMod2015 8420, EcoMod.
    42. Mr. Andrew M. Warner, 2015. "Natural Resource Booms in the Modern Era: Is the curse still alive?," IMF Working Papers 2015/237, International Monetary Fund.
    43. Hao Jin & Chen Xiong, 2020. "Fiscal Stress and Monetary Policy Stance in Oil-Exporting Countries," CAEPR Working Papers 2020-006, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    44. Chuku Chuku & Jacob Oduor & Anthony Simpasa & Peter Mwanakatwe, 2019. "Working Paper 318 - A DGE Model for Growth and Development Planning: Malawi," Working Paper Series 2444, African Development Bank.
    45. Amin Karimu & George Adu & George Marbuah & Justice Tei Mensah & Franklin Amuakwa-Mensah, 2017. "Natural Resource Revenues and Public Investment in Resource-rich Economies in Sub-Saharan Africa," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 107-130, November.
    46. King Yoong Lim & Shuonan Zhang, 2020. "Commodity Shocks and Optimal Fiscal Management of Resource Revenue in an Economy with State-owned Enterprises," NBS Discussion Papers in Economics 2020/02, Economics, Nottingham Business School, Nottingham Trent University.
    47. Joseph E. Gagnon & C. Fred Bergsten, 2012. "Currency Manipulation, the US Economy, and the Global Economic Order," Policy Briefs PB12-25, Peterson Institute for International Economics.
    48. Carlos Caceres & Mr. Serhan Cevik & Mr. Marco Committeri & Mr. Borja Gracia, 2013. "The Day After Tomorrow: Designing an Optimal Fiscal Strategy for Libya," IMF Working Papers 2013/079, International Monetary Fund.
    49. Yeltsin Tafur & Eric Lilford & Roberto F. Aguilera, 2022. "Assessing the risk of foreign investment within the petroleum sector of South America," SN Business & Economics, Springer, vol. 2(6), pages 1-32, June.
    50. Melina, Giovanni & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2016. "Debt sustainability, public investment, and natural resources in developing countries: The DIGNAR model," Economic Modelling, Elsevier, vol. 52(PB), pages 630-649.
    51. Andreas P. Kyriacou & Leonel Muinelo-Gallo & Oriol Roca-Sagalés, 2018. "The efficiency of transport infrastructure investment and the role of institutions: an empirical analysis," Working Papers. Collection B: Regional and sectoral economics 1802, Universidade de Vigo, GEN - Governance and Economics research Network.
    52. Algozhina, Aliya, 2022. "Monetary policy rule, exchange rate regime, and fiscal policy cyclicality in a developing oil economy," Energy Economics, Elsevier, vol. 112(C).
    53. Díaz-Kovalenko, Igor E. & Torres, José L., 2022. "Oil price shocks, government revenues and public investment: The case of Ecuador," MPRA Paper 112268, University Library of Munich, Germany, revised 07 Mar 2022.
    54. Mr. Suman S Basu & Jan Gottschalk & Mr. Werner Schule & Mr. Nikhil Vellodi & Ms. Susan S. Yang, 2013. "The Macroeconomic Effects of Natural Resource Extraction: Applications to Papua New Guinea," IMF Working Papers 2013/138, International Monetary Fund.
    55. Mamipour, Siab & Yahoo, Masoud & Mahmoudi, Sahar, 2021. "Modeling for policy: Managing volatile oil windfalls in a resource-rich developing country," Resources Policy, Elsevier, vol. 74(C).
    56. World Bank Group, 2016. "Kenya Country Economic Memorandum," World Bank Publications - Reports 24008, The World Bank Group.
    57. Mvondo, Thierry, 2021. "Stabilisation et relance macroéconomiques post COVID-19 dans la CEMAC : Quels instruments pour quels effets dans un modèle DSGE ?," Dynare Working Papers 65, CEPREMAP.
    58. Pranav Gupta & Ms. Grace B Li & Jiangyan Yu, 2015. "From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia," IMF Working Papers 2015/090, International Monetary Fund.
    59. Andrew Berg & Edward F. Buffie & Catherine Pattillo & Rafael Portillo & Andrea F. Presbitero & Luis‐Felipe Zanna, 2019. "Some Misconceptions About Public Investment Efficiency and Growth," Economica, London School of Economics and Political Science, vol. 86(342), pages 409-430, April.
    60. Jalali Naini, Ahmad Reza & Naderian, Mohammad Amin, 2017. "Financial Vulnerability and Stabilization Policy in Commodity Exporting Emerging Economies," MPRA Paper 84481, University Library of Munich, Germany.
    61. Chuku Chuku, 2020. "Monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire," Economic Change and Restructuring, Springer, vol. 53(1), pages 113-138, February.
    62. Gelb, Alan & Tordo, Silvana & Halland, Havard & Arfaa, Noora & Smith, Gregory, 2014. "Sovereign wealth funds and long-term development finance : risks and opportunities," Policy Research Working Paper Series 6776, The World Bank.
    63. Shi, Yingying & Guo, Shen & Sun, Puyang, 2017. "The role of infrastructure in China’s regional economic growth," Journal of Asian Economics, Elsevier, vol. 49(C), pages 26-41.
    64. Hossein Tavakolian & Hamed Ghiaie, 2019. "Optimal Inflation Targeting in a Dual-Exchange Rate Oil Economy," THEMA Working Papers 2019-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    65. Ghiaie, Hamed & Tabarraei, Hamid Reza & Tavakolian, Hossein, 2022. "Alternative monetary policy regimes in an oil-exporting economy," The Quarterly Review of Economics and Finance, Elsevier, vol. 83(C), pages 161-177.
    66. Samya Beidas-Strom & Marco Lorusso, 2019. "Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK," IMF Working Papers 2019/214, International Monetary Fund.
    67. Devarajan, Shantayanan & Dissou, Yazid & Go, Delfin S. & Robinson, Sherman, 2014. "Budget rules and resource booms : a dynamic stochastic general equilibrium analysis," Policy Research Working Paper Series 6984, The World Bank.
    68. Samuel Wills, 2015. "Leave the Volatility Fund Alone: Principles for Managing Oil Wealth," OxCarre Working Papers 154, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    69. Hostland, Douglas & Giugale, Marcelo M., 2013. "Africa's macroeconomic story," Policy Research Working Paper Series 6635, The World Bank.
    70. Suescun, Rodrigo, 2020. "A tool for fiscal policy planning in a medium-term fiscal framework: The FMM-MTFF model," Economic Modelling, Elsevier, vol. 88(C), pages 431-446.
    71. Jalali-Naini, Ahmad Reza & Naderian, Mohammad Amin, 2020. "Financial vulnerability, fiscal procyclicality and inflation targeting in developing commodity exporting economies," The Quarterly Review of Economics and Finance, Elsevier, vol. 77(C), pages 84-97.
    72. Keyra Primus, 2016. "Fiscal Rules for Resource Windfall Allocation: The Case of Trinidad and Tobago," IMF Working Papers 2016/188, International Monetary Fund.
    73. Gurara, Daniel & Kpodar, Kangni & Presbitero, Andrea F. & Tessema, Dawit, 2021. "On the capacity to absorb public investment: How much is too much?☆," World Development, Elsevier, vol. 145(C).
    74. Gelb, Alan & Tordo, Silvana & Halland, Havard, 2014. "Sovereign Wealth Funds and Domestic Investment in Resource-Rich Countries: Love Me, or Love Me Not?," World Bank - Economic Premise, The World Bank, issue 133, pages 1-5, January.
    75. Iyer, Tara, 2020. "The welfare implications of exchange rate choices in developing agricultural economies," Journal of Macroeconomics, Elsevier, vol. 66(C).
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    78. Issouf Samaké & Ms. Priscilla S Muthoora & Mr. Bruno Versailles, 2013. "Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries: The Case of Cameroon," IMF Working Papers 2013/144, International Monetary Fund.
    79. Wills, Samuel, 2018. "Leave the volatility fund alone: Principles for managing oil wealth," Journal of Macroeconomics, Elsevier, vol. 55(C), pages 332-352.
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    82. Ms. Anja Baum & Andrew Hodge & Ms. Aiko Mineshima & Ms. Marialuz Moreno Badia & Rene Tapsoba, 2017. "Can They Do It All? Fiscal Space in Low-Income Countries," IMF Working Papers 2017/110, International Monetary Fund.
    83. Magda Kandil, 2020. "Determinants of policy variations and macroeconomic implications," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 199-238, February.
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  18. Mr. Andrew Berg & Ms. Filiz D Unsal & Mr. Rafael A Portillo, 2010. "On the Optimal Adherence to Money Targets in a New-Keynesian Framework: An Application to Low-Income Countries," IMF Working Papers 2010/134, International Monetary Fund.

    Cited by:

    1. Yuko Hashimoto & Konstantin M. Wacker, 2012. "The Role of Risk and Information for International Capital Flows: New Evidence from the SDDS," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 124, Courant Research Centre PEG.
    2. Javier García-Cicco, 2022. "Alternative Monetary-Policy Instruments and Limited Credibility: An Exploration," Working Papers 115, Red Nacional de Investigadores en Economía (RedNIE).
    3. Mr. Andrew Berg & Ms. Luisa Charry & Mr. Rafael A Portillo & Mr. Jan Vlcek, 2013. "The Monetary Transmission Mechanism in the Tropics: A Narrative Approach," IMF Working Papers 2013/197, International Monetary Fund.
    4. Javier García-Cicco, 2019. "Alternative Monetary-Policy Instruments and Limited Credibility in Small and Open Economies: An Exploration," Asociación Argentina de Economía Política: Working Papers 4145, Asociación Argentina de Economía Política.
    5. Francis Leni Anguyo & Rangan Gupta & Kevin Kotze, 2017. "Monetary Policy and Financial Frictions in a Small Open-Economy Model for Uganda," School of Economics Macroeconomic Discussion Paper Series 2017-01, School of Economics, University of Cape Town.
    6. Ms. Grace B Li & Mr. Stephen A. O'Connell & Mr. Christopher S Adam & Mr. Andrew Berg & Mr. Peter J Montiel, 2016. "VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries," IMF Working Papers 2016/090, International Monetary Fund.
    7. Mrs. Alexandra Born & Mrs. Sarwat Jahan & Mr. Edward R Gemayel, 2011. "What Can Low-Income Countries Expect From Adopting Inflation Targeting?," IMF Working Papers 2011/276, International Monetary Fund.
    8. Ali-Kazim Zaidi & Iqbal Zaidi, 2011. "Rethinking the Monetary Policy Framework of the State Bank of Pakistan," SBP Research Bulletin, State Bank of Pakistan, Research Department, vol. 7, pages 87-123.
    9. Mr. Helge Berger & Mr. Henning Weber, 2012. "Money As Indicator for the Natural Rate of Interest," IMF Working Papers 2012/006, International Monetary Fund.
    10. Michal Andrle & Mr. Andrew Berg & Mr. Enrico G Berkes & Mr. Rafael A Portillo & Mr. Jan Vlcek & Mr. R. Armando Morales, 2013. "Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya," IMF Working Papers 2013/239, International Monetary Fund.

  19. Luis-Felipe Zanna & Mr. Andrew Berg & Mr. Tokhir N Mirzoev & Mr. Rafael A Portillo, 2010. "The Short-Run Macroeconomics of Aid Inflows: Understanding the Interaction of Fiscal and Reserve Policy," IMF Working Papers 2010/065, International Monetary Fund.

    Cited by:

    1. Oliver Morrissey & Lionel Roger & Lars Spreng, 2019. "Aid and exchange rates in sub-Saharan Africa: No more Dutch Disease?," Discussion Papers 2019-07, University of Nottingham, CREDIT.
    2. Mr. Andrew Berg & Mr. Rafael A Portillo & Luis-Felipe Zanna, 2014. "Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime," IMF Working Papers 2014/018, International Monetary Fund.
    3. Shen, Wenyi & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2018. "Government spending effects in low-income countries," Journal of Development Economics, Elsevier, vol. 133(C), pages 201-219.
    4. Chatterjee Santanu & Giuliano Paola & Kaya Ilker, 2012. "Where Has All the Money Gone? Foreign Aid and the Composition of Government Spending," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-36, August.
    5. Salifou Issoufou & Mr. Edward F Buffie & Mouhamadou Bamba Diop & Kalidou Thiaw, 2014. "Efficient Energy Investment and Fiscal Adjustment in Senegal," IMF Working Papers 2014/044, International Monetary Fund.
    6. Temple, Jonathan & Van de Sijpe, Nicolas, 2017. "Foreign aid and domestic absorption," Journal of International Economics, Elsevier, vol. 108(C), pages 431-443.
    7. Mr. Andrew Berg & Ms. Filiz D Unsal & Mr. Rafael A Portillo, 2010. "On the Optimal Adherence to Money Targets in a New-Keynesian Framework: An Application to Low-Income Countries," IMF Working Papers 2010/134, International Monetary Fund.
    8. Huseynov, Salman & Ahmadov, Vugar, 2014. "Azərbaycan üzrə DSÜT modeli: qiymətləndirmə və proqnozlaşdırma [A DSGE model for Azerbaijan: estimation and forecasting]," MPRA Paper 78123, University Library of Munich, Germany.
    9. Chance Mwabutwa & Nicola Viegi & Manoel Bittencourt, 2012. "Monetary Policy Response to Capital Inflows in Form of Foreign Aid in Malawi," Working Papers 201232, University of Pretoria, Department of Economics.
    10. Dawood, Taufiq Carnegie & Francois, John Nana, 2018. "Substitution between private and government consumption in African economies," Economic Modelling, Elsevier, vol. 73(C), pages 129-139.
    11. Grace Li, 2018. "Investing in Public Infrastructure: Roads or Schools?," 2018 Meeting Papers 338, Society for Economic Dynamics.
    12. Mr. Hamid R Davoodi & S. V. S. Dixit & Gabor Pinter, 2013. "Monetary Transmission Mechanism in the East African Community: An Empirical Investigation," IMF Working Papers 2013/039, International Monetary Fund.
    13. Eric Gabin Kilama, 2014. "Recipients Aid Absorption in the New Development Cooperation Landscape," Post-Print hal-01410665, HAL.
    14. Zoundi, Zakaria, 2015. "The Absorption and Spending Capacity of Aid in the Economic Community of West African States," MPRA Paper 66736, University Library of Munich, Germany, revised 23 Aug 2015.
    15. Mr. Jaromir Benes & Mr. Andrew Berg & Mr. Rafael A Portillo & Mai Dao & Mr. Alfredo Baldini, 2012. "Monetary Policy in Low Income Countries in the Face of the Global Crisis: The Case of Zambia," IMF Working Papers 2012/094, International Monetary Fund.
    16. Alfredo Baldini & Jaromir Benes & Andrew Berg & Mai C. Dao & Rafael A. Portillo, 2015. "Monetary Policy in Low Income Countries in the Face of The Global Crisis: A Structural Analysis," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 149-192, February.

  20. Jihad Dagher & Jan Gottschalk & Mr. Rafael A Portillo, 2010. "Oil Windfalls in Ghana: A DSGE Approach," IMF Working Papers 2010/116, International Monetary Fund.

    Cited by:

    1. Hassan Dargahi & Mehdi Hadian, 2022. "Oil shocks, financial stability and implementing macroeconomics and macro‐prudential policies in an oil‐exporting economy," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 2481-2496, April.
    2. Romain Houssa & Jolan Mohimont & Chris Otrok, 2019. "A Model for International Spillovers to Emerging Markets," CESifo Working Paper Series 7702, CESifo.
    3. Fadia Al Hajj & Gilles Dufrénot & Kimiko Sugimoto & Romain Wolf, 2015. "Reactions to Shocks and Monetary Policy Regimes: Inflation Targeting Versus Flexible Currency Board in Sub-Saharan Africa," The Developing Economies, Institute of Developing Economies, vol. 53(4), pages 237-271, December.
    4. Fadia Al Hajj & Gilles Dufr??not, & Kimiko Sugimoto & Romain Wolf, 2013. "Reactions to Shocks and Monetary Policy Regimes: Inflation Targeting Versus Flexible Currency Board in Ghana, South Africa and the WAEMU," William Davidson Institute Working Papers Series wp1062, William Davidson Institute at the University of Michigan.
    5. Evans, David & Ghelani, Niyati, 2013. "Diagrammatic Back of the Envelope (BOTE) Model for One Country Two Factors and Four Commodities (124) with Illustrations from full Ethiopia CGE model and Showing HOS Origin and 123 Alternative," Conference papers 332371, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. Samuel Wills, 2014. "Optimal Monetary Responses to Oil Discoveries," CAMA Working Papers 2014-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    7. Huseynov, Salman & Ahmadov, Vugar, 2014. "Azərbaycan üzrə DSÜT modeli: qiymətləndirmə və proqnozlaşdırma [A DSGE model for Azerbaijan: estimation and forecasting]," MPRA Paper 78123, University Library of Munich, Germany.
    8. Enrico Turco & Davide Bazzana & Massimiliano Rizzati & Emanuele Ciola & Sergio Vergalli, 2022. "Energy price shocks and stabilization policies in a multi-agent macroeconomic model for the Euro Area," Working Papers 2022.25, Fondazione Eni Enrico Mattei.
    9. Algozhina, Aliya, 2022. "Monetary policy rule, exchange rate regime, and fiscal policy cyclicality in a developing oil economy," Energy Economics, Elsevier, vol. 112(C).
    10. Lahcen, Mohammed Ait, 2014. "DSGE models for developing economies: an application to Morocco," MPRA Paper 63404, University Library of Munich, Germany.
    11. Devarajan, Shantayanan & Dissou, Yazid & Go, Delfin S. & Robinson, Sherman, 2014. "Budget rules and resource booms : a dynamic stochastic general equilibrium analysis," Policy Research Working Paper Series 6984, The World Bank.
    12. Semko Roman, 2013. "Optimal economic policy and oil prices shocks in Russia," EERC Working Paper Series 13/03e, EERC Research Network, Russia and CIS.
    13. Dobronogov, Anton & Gelb, Alan & Saldanha, Fernando Brant, 2014. "How should donors respond to resource windfalls in poor countries ? from aid to insurance," Policy Research Working Paper Series 6952, The World Bank.
    14. Senbeta, Sisay, 2011. "A small open economy New Keynesian model for a foreign exchange constrained economy," MPRA Paper 29996, University Library of Munich, Germany.
    15. SENBATA, Sisay Regassa, 2011. "How applicable are the new Keynesian DSGE models to a typical low-income economy?," Working Papers 2011016, University of Antwerp, Faculty of Business and Economics.
    16. Tsasa Vangu, Jean-Paul Kimbambu, 2014. "Diagnostic de la politique monétaire en Rép. Dém. Congo – Approche par l’Equilibre Général Dynamique Stochastique," Dynare Working Papers 38, CEPREMAP.
    17. SENBETA, Sisay Regassa, 2011. "A small open economy new Keynesian DSGE model for a foreign exchange constrained economy," Working Papers 2011004, University of Antwerp, Faculty of Business and Economics.
    18. Kawther Alimi & Mohamed Chakroun, 2022. "Wage Rigidity Impacts on Unemployment and Inflation Persistence in Tunisia: Evidence from an Estimated DSGE Model," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 474-500, March.

  21. Mr. Rafael A Portillo & Mr. Andrew Berg & Jan Gottschalk & Luis-Felipe Zanna, 2010. "The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios," IMF Working Papers 2010/160, International Monetary Fund.

    Cited by:

    1. Oliver Morrissey & Lionel Roger & Lars Spreng, 2019. "Aid and exchange rates in sub-Saharan Africa: No more Dutch Disease?," Discussion Papers 2019-07, University of Nottingham, CREDIT.
    2. Mr. Andrew Berg & Mr. Rafael A Portillo & Luis-Felipe Zanna, 2014. "Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime," IMF Working Papers 2014/018, International Monetary Fund.
    3. Shen, Wenyi & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2018. "Government spending effects in low-income countries," Journal of Development Economics, Elsevier, vol. 133(C), pages 201-219.
    4. Panagiotis Pegkas & Christos Staikouras & Constantinos Tsamadias, 2020. "On the determinants of economic growth: Empirical evidence from the Eurozone countries," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 23(2), pages 210-229, June.
    5. Luis-Felipe Zanna & Olivier Basdevant & Ms. Susan S. Yang & Ms. Genevieve Verdier & Mr. Joannes Mongardini & Borislava Mircheva & Dalmacio Benicio, 2011. "The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland," IMF Working Papers 2011/266, International Monetary Fund.
    6. Mr. Andrew Berg & Mr. Rafael A Portillo & Mr. Edward F Buffie & Ms. Catherine A Pattillo & Luis-Felipe Zanna, 2012. "Public Investment, Growth, and Debt Sustainability: Putting together the Pieces," IMF Working Papers 2012/144, International Monetary Fund.
    7. Salifou Issoufou & Mr. Edward F Buffie & Mouhamadou Bamba Diop & Kalidou Thiaw, 2014. "Efficient Energy Investment and Fiscal Adjustment in Senegal," IMF Working Papers 2014/044, International Monetary Fund.
    8. N. Johnson, Leroy, 2022. "Financial Frictions And Monetary Policy Shocks In Sierra Leone: Dynamic Stochastic General Equilibrium Model," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 9(2), pages 78-96, June.
    9. Christine J. Richmond & Irene Yackovlev & Ms. Susan S. Yang, 2013. "Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola," IMF Working Papers 2013/147, International Monetary Fund.
    10. Christine Richmond & Irene Yackovlev & Shu-Chun S. Yang, 2015. "Investing Volatile Resource Revenues in Capital-Scarce Economies," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 193-221, February.
    11. Araujo, Juliana D. & Li, Bin Grace & Poplawski-Ribeiro, Marcos & Zanna, Luis-Felipe, 2016. "Current account norms in natural resource rich and capital scarce economies," Journal of Development Economics, Elsevier, vol. 120(C), pages 144-156.
    12. Gerhard Glomm & Juergen Jung, 2013. "A Macroeconomic Analysis of Energy Subsidies in a Small Open Economy," Working Papers 2013-02, Towson University, Department of Economics, revised Oct 2014.
    13. Huseynov, Salman & Ahmadov, Vugar, 2014. "Azərbaycan üzrə DSÜT modeli: qiymətləndirmə və proqnozlaşdırma [A DSGE model for Azerbaijan: estimation and forecasting]," MPRA Paper 78123, University Library of Munich, Germany.
    14. Levine,Paul Leslie & Melina,Giovanni & Onder,Harun & Levine,Paul Leslie & Melina,Giovanni & Onder,Harun, 2016. "Non-renewable resources, fiscal rules, and human capital," Policy Research Working Paper Series 7695, The World Bank.
    15. Michele Andreolli & Aidar Abdychev, 2016. "Investing in Electricity, Growth, and Debt Sustainability: The Case of Lesotho," IMF Working Papers 2016/115, International Monetary Fund.
    16. Sayed O. M. Timuno & Joel Hinaunye Eita & Lanouar Charfeddine, 2020. "Towards an effective fiscal stimulus: Evidence from Botswana," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1790948-179, January.
    17. Chuku Chuku & Jacob Oduor & Anthony Simpasa & Peter Mwanakatwe, 2019. "Working Paper 318 - A DGE Model for Growth and Development Planning: Malawi," Working Paper Series 2444, African Development Bank.
    18. Adrian Peralta-Alva, 2013. "Fiscal Policy and inequality in economies with large, unproductive, agricultural sectors," 2013 Meeting Papers 1056, Society for Economic Dynamics.
    19. Melina, Giovanni & Yang, Shu-Chun S. & Zanna, Luis-Felipe, 2016. "Debt sustainability, public investment, and natural resources in developing countries: The DIGNAR model," Economic Modelling, Elsevier, vol. 52(PB), pages 630-649.
    20. Mr. Suman S Basu & Jan Gottschalk & Mr. Werner Schule & Mr. Nikhil Vellodi & Ms. Susan S. Yang, 2013. "The Macroeconomic Effects of Natural Resource Extraction: Applications to Papua New Guinea," IMF Working Papers 2013/138, International Monetary Fund.
    21. Andrew Berg & Edward F. Buffie & Catherine Pattillo & Rafael Portillo & Andrea F. Presbitero & Luis‐Felipe Zanna, 2019. "Some Misconceptions About Public Investment Efficiency and Growth," Economica, London School of Economics and Political Science, vol. 86(342), pages 409-430, April.
    22. Chuku Chuku, 2020. "Monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire," Economic Change and Restructuring, Springer, vol. 53(1), pages 113-138, February.
    23. Blazquez, Jorge & Galeotti, Marzio & Manzano, Baltasar & Pierru, Axel & Pradhan, Shreekar, 2021. "Effects of Saudi Arabia’s economic reforms: Insights from a DSGE model," Economic Modelling, Elsevier, vol. 95(C), pages 145-169.
    24. SENBETA, Sisay Regassa, 2013. "Informality and macroeconomic fluctuations: A small open economy New Keynesian DSGE model with dual labour markets," Working Papers 2013002, University of Antwerp, Faculty of Business and Economics.
    25. International Monetary Fund, 2012. "Burkina Faso: Staff Report for the 2011 Article IV Consultation and the Third Review Under the Extended Credit Facility: Staff Report; Staff Supplement; Public Information Notice and Press Release on ," IMF Staff Country Reports 2012/158, International Monetary Fund.
    26. International Monetary Fund, 2016. "Islamic Republic of Afghanistan: Ex Post Assessment of Longer-Term Program Engagement," IMF Staff Country Reports 2016/023, International Monetary Fund.
    27. Sayadi, Mohammad & Khoshkalam Khosroshahi, Musa, 2020. "Assessing Alternative Investment Policies in a Resource-Rich Capital-Scarce Country: Results from a DSGE analysis for Iran," Energy Policy, Elsevier, vol. 146(C).
    28. Andrew Hodge, 2016. "The Design of Fiscal Reform Packages: Insights from a Theoretical Endogenous Growth Model," IMF Working Papers 2016/146, International Monetary Fund.
    29. SENBATA, Sisay Regassa, 2011. "How applicable are the new Keynesian DSGE models to a typical low-income economy?," Working Papers 2011016, University of Antwerp, Faculty of Business and Economics.
    30. Chuku Chuku, 2016. "Evaluating monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire: Application to Nigeria," WIDER Working Paper Series wp-2016-45, World Institute for Development Economic Research (UNU-WIDER).
    31. Oscar Becerra & Eduardo Cavallo & Ilan Noy, 2010. "In the Aftermath of Large Natural Disasters, what happens to foreign aid?," Working Papers 201018, University of Hawaii at Manoa, Department of Economics.

  22. Dimitre Milkov & Mr. Rafael A Portillo & Mr. Plamen K Iossifov & Mr. John Wakeman-Linn, 2009. "The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations," IMF Staff Position Notes 2009/020, International Monetary Fund.

    Cited by:

  23. Mr. Masahiro Nozaki & Mr. Tobias Roy & Mr. Pawel Dyczewski & Mr. Bernhard Fritz-Krockow & Ms. Fanny M Torres Gavela & Mr. Gamal Z El-Masry & Mr. Rafael A Portillo, 2009. "Suriname: Toward Stability and Growth," IMF Departmental Papers / Policy Papers 2009/003, International Monetary Fund.

    Cited by:

    1. Ooft, Gavin & Bhaghoe, Sailesh & Hans Franses, Philip, 2021. "Forecasting annual inflation in Suriname," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 73(C).
    2. Tjon Kie Sim-Balker, Peggy & Mungroo, Albert & Piqué-Lont, Natalie & Ooft, Gavin, 2014. "Twin Deficits in Suriname: An Empirical Analysis," EconStor Preprints 215532, ZBW - Leibniz Information Centre for Economics.

Articles

  1. Andrew Berg & Luisa Charry & Rafael Portillo & Jan Vlcek, 2019. "The Monetary Transmission Mechanism in the Tropics: A Case Study Approach," Journal of African Economies, Centre for the Study of African Economies, vol. 28(3), pages 225-251.

    Cited by:

    1. Abuka, Charles & Alinda, Ronnie K. & Minoiu, Camelia & Peydró, José-Luis & Presbitero, Andrea F., 2019. "Monetary Policy and Bank Lending in Developing Countries: Loan Applications, Rates, and Real Effects," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 139, pages 185-202.

  2. Luis-Felipe Zanna & Edward F Buffie & Rafael Portillo & Andrew Berg & Catherine Pattillo, 2019. "Borrowing for Growth: Big Pushes and Debt Sustainability in Low-Income Countries," The World Bank Economic Review, World Bank, vol. 33(3), pages 661-689.

    Cited by:

    1. Adam, Christopher & Bevan, David, 2020. "Tropical cyclones and post-disaster reconstruction of public infrastructure in developing countries," Economic Modelling, Elsevier, vol. 93(C), pages 82-99.
    2. Lawrence Ogbeifun & Olatunji Shobande, 2020. "Debt sustainability and the fiscal reaction function: evidence from MIST countries," Future Business Journal, Springer, vol. 6(1), pages 1-8, December.

  3. Andrew Berg & Edward F. Buffie & Catherine Pattillo & Rafael Portillo & Andrea F. Presbitero & Luis‐Felipe Zanna, 2019. "Some Misconceptions About Public Investment Efficiency and Growth," Economica, London School of Economics and Political Science, vol. 86(342), pages 409-430, April.
    See citations under working paper version above.
  4. Rafael Portillo & Luis-Felipe Zanna & Stephen O’Connell & Richard Peck, 2016. "Implications of food subsistence for monetary policy and inflation," Oxford Economic Papers, Oxford University Press, vol. 68(3), pages 782-810.
    See citations under working paper version above.
  5. Michal Andrle & Andrew Berg & R. Armando Morales & Rafael Portillo & Jan Vlcek, 2015. "On the Sources of Inflation in Kenya: A Model-Based Approach," South African Journal of Economics, Economic Society of South Africa, vol. 83(4), pages 475-505, December.

    Cited by:

    1. Jan Bruha & Jiri Polansky & Jaromir Tonner & Stanislav Tvrz & Osvald Vasicek & Jan Babecky & Kamil Galuscak & Lubomir Lizal & Diana Zigraiova, 2016. "Topics in Labour Markets," Occasional Publications - Edited Volumes, Czech National Bank, edition 1, volume 14, number rb14/1 edited by Jan Babecky, January.
    2. Ms. Grace B Li & Mr. Stephen A. O'Connell & Mr. Christopher S Adam & Mr. Andrew Berg & Mr. Peter J Montiel, 2016. "VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries," IMF Working Papers 2016/090, International Monetary Fund.
    3. Kamil Galuscak & Ivan Sutoris & Oxana Babecka Kucharcukova & Jan Bruha & Filip Novotny & Volha Audzei & Frantisek Brazdik, 2017. "Trade and External Relations," Occasional Publications - Edited Volumes, Czech National Bank, edition 1, volume 15, number rb15/1 edited by Jan Babecky & Jan Bruha, January.
    4. Miroslav Plasil & Jakub Seidler & Petr Hlavac & Volha Audzei & Jakub Mateju & Michal Kejak & Simona Malovana & Jan Frait, 2016. "Financial Cycles and Macroprudential and Monetary Policies," Occasional Publications - Edited Volumes, Czech National Bank, edition 2, volume 14, number rb14/2 edited by Jan Babecky & Michal Hlavacek, January.
    5. Krzysztof Drachal, 2019. "Analysis of Agricultural Commodities Prices with New Bayesian Model Combination Schemes," Sustainability, MDPI, vol. 11(19), pages 1-23, September.
    6. Jan Bruha & Jaromir Tonner & Mojmir Hampl & Tomas Havranek & Mirko Djukic & Tibor Hledik & Jiri Polansky & Ljubica Trajcev & Jan Vlcek & Ruslan Aliyev & Dana Hajkova & Ivana Kubicova, 2017. "Effects of Monetary Policy," Occasional Publications - Edited Volumes, Czech National Bank, edition 2, volume 15, number rb15/2 edited by Jan Babecky & Michal Franta & Jan Bruha, January.

  6. Jaromir Benes & Andrew Berg & Rafael Portillo & David Vavra, 2015. "Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework," Open Economies Review, Springer, vol. 26(1), pages 81-108, February.
    See citations under working paper version above.
  7. Alfredo Baldini & Jaromir Benes & Andrew Berg & Mai C. Dao & Rafael A. Portillo, 2015. "Monetary Policy in Low Income Countries in the Face of The Global Crisis: A Structural Analysis," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 149-192, February.

    Cited by:

    1. Filiz Unsal & Margarita Rubio, 2016. "Macroprudential Policies in Low-Income Countries," 2016 Meeting Papers 1230, Society for Economic Dynamics.
    2. N. Johnson, Leroy, 2022. "Financial Frictions And Monetary Policy Shocks In Sierra Leone: Dynamic Stochastic General Equilibrium Model," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 9(2), pages 78-96, June.
    3. Francis Leni Anguyo & Rangan Gupta & Kevin Kotze, 2017. "Monetary Policy and Financial Frictions in a Small Open-Economy Model for Uganda," School of Economics Macroeconomic Discussion Paper Series 2017-01, School of Economics, University of Cape Town.
    4. Ms. Grace B Li & Mr. Stephen A. O'Connell & Mr. Christopher S Adam & Mr. Andrew Berg & Mr. Peter J Montiel, 2016. "VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries," IMF Working Papers 2016/090, International Monetary Fund.
    5. Mr. Giovanni Melina & Mr. Rafael A Portillo, 2018. "Economic Fluctuations in Sub-Saharan Africa," IMF Working Papers 2018/040, International Monetary Fund.

  8. Berg, Andrew & Portillo, Rafael & Zanna, Luis-Felipe, 2015. "Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime," World Development, Elsevier, vol. 69(C), pages 116-129.
    See citations under working paper version above.
  9. Andrew Berg & Rafael Portillo & Shu-Chun S Yang & Luis-Felipe Zanna, 2013. "Public Investment in Resource-Abundant Developing Countries," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(1), pages 92-129, April.
    See citations under working paper version above.
  10. Jihad Dagher & Jan Gottschalk & Rafael Portillo, 2012. "The Short-run Impact of Oil Windfalls in Low-income Countries: A DSGE Approach-super- †," Journal of African Economies, Centre for the Study of African Economies, vol. 21(3), pages 343-372, June.

    Cited by:

    1. Mr. Andrew Berg & Mr. Rafael A Portillo & Mr. Edward F Buffie & Ms. Catherine A Pattillo & Luis-Felipe Zanna, 2012. "Public Investment, Growth, and Debt Sustainability: Putting together the Pieces," IMF Working Papers 2012/144, International Monetary Fund.
    2. Salifou Issoufou & Mr. Edward F Buffie & Mouhamadou Bamba Diop & Kalidou Thiaw, 2014. "Efficient Energy Investment and Fiscal Adjustment in Senegal," IMF Working Papers 2014/044, International Monetary Fund.
    3. Paul Owusu Takyi & Roberto Leon-Gonzalez, 2019. "Macroeconomic Impacts of Fiscal Policy in Ghana: Analysis of an Estimated DSGE Model with Financial Exclusion," GRIPS Discussion Papers 19-15, National Graduate Institute for Policy Studies.
    4. Chuku Chuku & Jacob Oduor & Anthony Simpasa & Peter Mwanakatwe, 2019. "Working Paper 318 - A DGE Model for Growth and Development Planning: Malawi," Working Paper Series 2444, African Development Bank.
    5. Chuku Chuku, 2020. "Monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire," Economic Change and Restructuring, Springer, vol. 53(1), pages 113-138, February.
    6. SENBETA, Sisay Regassa, 2013. "Informality and macroeconomic fluctuations: A small open economy New Keynesian DSGE model with dual labour markets," Working Papers 2013002, University of Antwerp, Faculty of Business and Economics.
    7. Hossein Tavakolian & Hamed Ghiaie, 2019. "Optimal Inflation Targeting in a Dual-Exchange Rate Oil Economy," THEMA Working Papers 2019-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    8. Keyra Primus, 2016. "Fiscal Rules for Resource Windfall Allocation: The Case of Trinidad and Tobago," IMF Working Papers 2016/188, International Monetary Fund.
    9. Oliver Morrissey & Lars Spreng, 2020. "Macroeconomic management on becoming an African oil exporter," Discussion Papers 2020-03, University of Nottingham, CREDIT.
    10. Jean-Pierre Allegret & Mohamed Tahar Benkhodja & Tovonony Razafindrabe, 2018. "Monetary Policy, Oil Stabilization Fund and the Dutch Disease," GREDEG Working Papers 2018-06, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

Chapters

  1. Christopher Adam & Andrew Berg & Rafael Portillo & Filiz Unsal, 2018. "Monetary policy and central banking in sub-Saharan Africa," Chapters, in: Peter Conti-Brown & Rosa M. Lastra (ed.), Research Handbook on Central Banking, chapter 11, pages 208-228, Edward Elgar Publishing.

    Cited by:

    1. Abuka, Charles & Alinda, Ronnie K. & Minoiu, Camelia & Peydró, José-Luis & Presbitero, Andrea F., 2019. "Monetary Policy and Bank Lending in Developing Countries: Loan Applications, Rates, and Real Effects," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 139, pages 185-202.

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