
Contents
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1 Applied Models for Policy Analysis and Forecasting in Kenya and Rwanda 1 Applied Models for Policy Analysis and Forecasting in Kenya and Rwanda
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2 The Impact of the Global Financial Crisis on Zambia and the Policy Response 2 The Impact of the Global Financial Crisis on Zambia and the Policy Response
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3 Endogenous Credibility and the Cost of Disinflation in Ghana 3 Endogenous Credibility and the Cost of Disinflation in Ghana
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4 The Role of External Shocks and Fiscal Policy in The Dynamics of Inflation in the CEMAC Region 4 The Role of External Shocks and Fiscal Policy in The Dynamics of Inflation in the CEMAC Region
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References References
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Cite
Abstract
Part III of the book presents various applications of quantitative dynamic stochastic general equilibrium models to SSA countries. Unlike the previous chapters, which provided broad guidance, the emphasis here is on specific policy questions faced by the country under study and on quantitative guidance for central banks. Each chapter mixes theory and data, along with close attention to the broader economic context. In addition to summarizing the results in the rest of Part III, this overview chapter describes the collaboration between IMF staff and staff in central banks in the region that resulted in the material in Part III. It also explains the eclectic approach used in building and using these models, as well as the relationship between these models and those of Part II.
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