Monetary Policy Response to Foreign Aid in an Estimated DSGE Model of Malawi

Chance Mwabutwa, Manoel Bittencourt and Nicola Viegi

No 350, Working Papers from Economic Research Southern Africa

Abstract: This paper estimates a Bayesian Dynamic Stochastic General Equilibrium (DSGE) model of Malawi and uses it to account for short-run monetary policy response to aid inflows between 1980 and 2010. In particular, the paper evaluates the existence of a “Dutch Disease†following an increase in foreign aid and examines the Reserve Bank of Malawi (RBM) […]

Keywords: central bank; Consumer Behavior; International AgreementsÂ; International trade; Macroeconomic Models; Monetary Policy; Natural Resources Management (search for similar items in EconPapers)
JEL-codes: C11 C13 E52 E62 F31 F35 (search for similar items in EconPapers)
Date: 2013-05-01
New Economics Papers: this item is included in nep-afr, nep-cba, nep-dge, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:rza:wpaper:350

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