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 …

This paper develops a new central bank transparency index for inflation-targeting central
banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the …

We extend the framework in Andrle and others (2013) to incorporate an explicit role for
money targets and target misses in the analysis of monetary policy in low-income countries (LICs)…

We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis
the rest of the world. Our main results are as follows:(i) African economies stand out by their …

The pace of progress toward achievement of the Millenium Development Goals (MDG) in
many sub-Saharan African countries remains too slow to reach targets by 2015, despite …

We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis
the rest of the world. Our main results are as follows: (i) African economies stand out by their …

Natural resource revenues provide a valuable source to finance public investment in
developing countries, which frequently face borrowing constraints and tax revenue mobilization …

We develop a semi-structural new-Keynesian open-economy model, with separate food
and non-food inflation dynamics, for forecasting and monetary policy analysis in low-income …

This paper analyzes the economic growth and stability in Suriname. The paper highlights that
in recent years, the outlook has turned substantively more positive. The favorable external …

The financial sector of the Central African Economic and Monetary Community (CEMAC)
has been seriously affected by the global financial crisis and resulting global recession. This …