The Monetary Transmission Mechanism in the Tropics: A Narrative Approach

WP/13/197

The Monetary Transmission Mechanism in the Tropics: A Narrative Approach
Many central banks in low-income countries in Sub-Saharan Africa are modernising their monetary policy frameworks. Standard statistical procedures have had limited success in identifying the channels of monetary transmission in such countries. Here we take a narrative approach, following Romer and Romer (1989), and center on a significant... READ MORE...

Publication date: September 2013
ISBN 9781484398135
$18.00

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Publication date: September 2013

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Publication date: September 2013

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