This paper develops a new approach for exploring the effectiveness of foreign ... focusing on real exchange cycles. Using band spectrum regression methods, it examines the role of macroeconomic ...

foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium ...

The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of ...