01818cas a2200253 a 4500 AALejournalIMF003669 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861976 1018-5941 BD-DhAAL BD-DhAAL Di Bella, Gabriel. How Useful is Monetary Econometrics in Low-Income Countries? : T+L3104he Case of Money Demand and the Multipliers in Rwanda / Gabriel Di Bella, David Hauner. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper revisits the usefulness of econometric monetary analysis in low-income countries in a case study on Rwanda, an interesting case given its floating exchange rate and reliance on indirect monetary policy instruments on the one hand, and its somewhat typical data and institutional shortcomings on the other hand. The findings are generally encouraging for the use of econometric models for monetary analysis in low-income countries. Notwithstanding substantial qualifications, time series and structural models of the money multiplier and money demand yield results that are statistically and economically reasonable enough to usefully inform policymaking. Mode of access: Internet Hauner, David. IMF Working Papers; Working Paper ; No. 2005/178 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/178/001.2005.issue-178-en.xml IMF e-Library