Low-income Countries In Sub-saharan Africa Present Unique Monetary Policy Challenges, From The High Share Of Volatile Food In Consumption To Underdeveloped Financial Markets. This Title Draws On The International Monetary Fund's Research And Practice To Uncover How Monetary Policy In This Region Currently Operates, And What Changes Should Be Made. Machine Generated Contents Note: 1. Monetary Policy In Sub-saharan Africa / Rafael Portillo -- 2. Inflation Targeting In Uganda: What Lessons Can We Learn From Five Years Of Experience? / Louis Kasekende -- Pt. I Empirical Evidence -- 3. Introduction To Part I / Rafael Portillo -- 4. Economic Fluctuations In Sub-saharan Africa / Rafael Portillo -- 5. Monetary Transmission Mechanism: Lessons From A Dramatic Event / Rafael Portillo -- 6. Identifying The Monetary Transmission Mechanism In Sub-saharan Africa / Stephen O'connell -- Pt. Ii Analytical Issues Relevant For Monetary Policy Analysis In Sub-saharan Africa -- 7. Introduction To Part Ii / Rafael Portillo -- 8. On The Role Of Money Targets In The Monetary Policy Framework In Ssa: Insights From A New Keynesian Model With Incomplete Information / Filiz Unsal -- 9. Implementation Errors And Incomplete Information: Implications For The Effects Of Monetary Policy In Low-income Countries / Catherine Pattillo -- 10. On Me First-round Effects Of International Food Price Shocks / Luis-felipe Zanna -- 11. Implications Of Food Subsistence For Monetary Policy And Inflation / Richard Peck -- 12. Short-run Macroeconomics Of Aid Inflows: Understanding The Interaction Of Fiscal And International Reserve Policy / Luis-felipe Zanna -- 13. Modelling Sterilized Interventions And Balance Sheet Effects Of Monetary Policy In A New Keynesian Framework / David Vavra -- Pt. Iii Applied Models For Policy Analysis And Forecasting In Ssa: Selected Case Studies -- 14. Introduction To Part Iii / Rafael Portillo -- 15. On The Sources Of Inflation In Kenya: A Model-based Approach / Jan Vlcek -- 16. Do Money Targets Matter For Monetary Policy In Kenya? / Jan Vlcek -- 17. Monetary Policy In Low-income Countries In The Face Of The Global Crisis: A Structural Analysis / Rafael Portillo -- 18. Introducing A Semi-structural Macroeconomic Model For Rwanda / Vimal Thakoor -- 19. Inflation Forecast Targeting In A Low-income Country: The Case Of Ghana / Hans Weisfeld -- 20. Structural Analysis Of The Determinants Of Inflation In The Cemac Region / Rafael Portillo. Edited By Andrew Berg, Rafael Portillo. This Edition Previously Issued In Print: 2018. Includes Bibliographical References And Index.