Monetary Policy Strategy in Rwanda

• ABSTRACT........................................................................................viii
  
• ABSTRACT
  
  • 2.1 THE OBJECTIVES OF MONETARY POLICY
    
  • 2.2 THE INSTRUMENTS OF MONETARY POLICY
    
  • 2.3 MONETARY POLICY STRATEGIES
    
  • 2.3.1 Choosing and Using a Target
    
  • 2.3.2 Monetary Policy Rules
    
  • 2.3.2.1 Exchange Rates Rule
    
  • 2.3.2.2 Money Supply Rule
    
  • 2.3.2.3 Nominal GDP Target Rule
    
  • 2.3.2.4 Inflation Targeting Rule
    
  • 2.3.2.5 The Taylor Rule
    
    • 3.1 Macroeconomic Background
      
  • 3.2 Monetary and Exchange Rate Policy Management
    
  • 3.2.1 Monetary Policy
    
  • 3.2.2 Exchange Rate Policy
    
  • 4.1 EMPIRICAL ANALYSIS
    
  • 4.1.1 Reaction function for Rwanda
    
  • 4.1.2 Methodology
    
  • 4.1.2.1 Data
    
  • 4.1.2.2 Time series properties of the data
    
  • 4.2 Estimation results