01854cas a2200265 a 4500 AALejournalIMF014656 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498398343 1018-5941 BD-DhAAL BD-DhAAL Charry, Luisa. Introducing a Semi-Structural Macroeconomic Model for Rwanda / Luisa Charry, Pranav Gupta, Vimal Thakoor. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (37 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 We develop a simple semistructural model for the Rwandan economy to better understand the monetary policy transmission mechanism. A key feature of the model is the introduction of a modified uncovered interest parity condition to capture key structural features of Rwanda's economy and policy framework, such as the limited degree of capital mobility. A filtration of the observed data through the model allows us to illustrate the contribution of various factors to inflation dynamics and its deviations from the inflation target. Our results, consistent with evidence for other countries in the region, suggest that food and oil prices as well as the exchange rate have accounted for the bulk of inflation dynamics in Rwanda. Mode of access: Internet Gupta, Pranav. Thakoor, Vimal. IMF Working Papers; Working Paper ; No. 2014/159 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/159/001.2014.issue-159-en.xml IMF e-Library