Rafael Portillo

International Monetary Fund (IMF)

700 19th Street, N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

20

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1,026

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Top 11,707

in Total Papers Citations

9

CROSSREF CITATIONS

69

Scholarly Papers (20)

1.

Oil Windfalls in Ghana: A DSGE Approach

IMF Working Paper No. 10/116
Number of pages: 37 Posted: 25 May 2010
Jan Gottschalk, Jihad C. Dagher and Rafael Portillo
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 133 (218,754)

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Demand, Economic models, Exchange rate appreciation, Fiscal policy, Ghana, Government expenditures, Inflation, Monetary policy, Nonoil sector, Oil production, Oil revenues, Reserves accumulation

2.

Forecasting and Monetary Policy Analysis in Low-Income Countries: Food and Non-Food Inflation in Kenya

IMF Working Paper No. 13/61
Number of pages: 64 Posted: 09 Apr 2013
International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) - Monetary and Exchange Affairs Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 124 (229,475)

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Economic forecasting, Kenya, Food imports, Inflation, Monetary policy, Low-income developing countries, Forecasting models, Monetary Policy, Forecasting, Food Prices, inflation, Low-Income Countries, monetary policy, central bank, relative price, relative prices, real interest rates, inflation target, real interest rate, inflationary pressures, foreign exchange, price inflation, inflation rate, aggregate demand, monetary conditions, monetary fund, monetary policy rule, inflation dynamics, inflation rates, increase in inflation, money growth, money supply, inflation objective, inflation targeting, rational expectations, monetary aggregate, monetary economics, monetary transmission, open marke

3.

The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios

IMF Working Paper No. 10/160
Number of pages: 46 Posted: 19 Jul 2010
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 82 (303,411)

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4.

Monetary Policy in Hybrid Regimes: The Case of Kazakhstan

IMF Working Paper No. 14/108
Number of pages: 33 Posted: 18 Jul 2014
Natan P. Epstein and Rafael Portillo
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 72 (327,104)

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Monetary policy, Kazakhstan, Exchange rate regimes, Interest rates, Money markets, External shocks, Devaluation, Econometric models, Interest Rate, Money Market, Exchange Rate., exchange rate, central bank, inflation, open market operations, money market interest rates, aggregate demand, exchange rate management, money demand, monetary fund, money balances, exchange rate flexibility, real exchange rate, monetary conditions, national bank, foreign exchange, exchange rate fluctuations, exchange rate channel, market exchange rate, exchange rate adjustments, exchange rates, flexible exchange rate, exchange rate level, demand for money, exchange rate guides, exchange rate devaluations, nominal ex

Some Misconceptions About Public Investment Efficiency and Growth

IMF Working Paper No. 15/272
Posted: 03 Feb 2016
Indiana University Bloomington - Department of Economics, International Monetary Fund (IMF) - Research Division, Università Politecnica delle Marche - Department of Economics and International Monetary Fund (IMF)
Downloads 68 (341,480)

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Public investment, Growth, Efficiency, Low-Income Countries, capital, investment, production, Infrastructures, General, Institutions and Growth, All Countries,

Some Misconceptions About Public Investment Efficiency and Growth

Economica, Vol. 86, Issue 342, pp. 409-430, 2019
Number of pages: 22 Posted: 06 Mar 2019
International Monetary Fund (IMF) - Developing Country Studies Division, Indiana University Bloomington - Department of Economics, International Monetary Fund (IMF) - Research Division, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund
Downloads 1 (689,966)
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6.

Public Investment in Resource-Abundant Developing Countries

IMF Working Paper No. 12/274
Number of pages: 49 Posted: 21 Dec 2012
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 67 (340,131)
Citation 2

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Public investment, Natural resources, Revenues, Resource allocation, Development, Developing countries, Cross country analysis, natural resource, public investment, resource-rich developing countries, DSGE models, public investment, investment expenditures, private capital, tax revenue, interest income, investment projects, budget constraint, investment spending, government spending, tax rates, government budget constraint, government budget, direct investment, foreign capital, fiscal adjustments, fiscal policy, fiscal revenue, public investment spending, foreign direct investment, private investment, tax systems, risk premium, fiscal variables, investment return, fiscal policies, fiscal too

7.

Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework

IMF Working Paper No. 13/11
Number of pages: 44 Posted: 28 Feb 2013
Jaromír Beneš, Andrew Berg, Rafael Portillo and David Vavra
International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)
Downloads 62 (354,013)
Citation 1

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Developing countries, Economic models, Emerging markets, Exchange markets, Exchange rate regimes, Inflation targeting, Intervention, Monetary policy, Sterilized FX interventions, emerging markets, monetary policy, new-Keynesian economics.

8.

Public Investment, Growth, and Debt Sustainability: Putting Together the Pieces

IMF Working Paper No. 12/144
Number of pages: 55 Posted: 09 Aug 2012
affiliation not provided to SSRN, International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) - Research Division, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 62 (354,013)
Citation 2

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Public Investment, Growth, Debt Sustainability, Infrastructure, Aid, Economic Growth, Economic Models, Low-income Developing Countries

9.

Monetary Policy in Low Income Countries in the Face of the Global Crisis: The Case of Zambia

IMF Working Paper No. 12/94
Number of pages: 47 Posted: 03 May 2012
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 52 (385,019)

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Banking sector, Economic models, Financial crisis, Global Financial Crisis 2008-2009, Low-income developing countries, Monetary policy, Risk premium

10.

The Short-Run Macroeconomics of Aid Inflows: Understanding the Interaction of Fiscal and Reserve Policy

IMF Working Paper No. 10/65
Number of pages: 47 Posted: 22 Mar 2010
International Monetary Fund (IMF) - Developing Country Studies Division, affiliation not provided to SSRN, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 52 (385,019)

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Africa, Aid flows, Capital inflows, Central bank policy, Economic models, Fiscal policy, Government expenditures, Interest rate increases, Low-income developing countries, Monetary policy, Real effective exchange rates, Reserves, Uganda

11.

On the Optimal Adherence to Money Targets in a New-Keynesian Framework: An Application to Low-Income Countries

IMF Working Paper No. 10/134
Number of pages: 32 Posted: 21 Jun 2010
Andrew Berg, Rafael Portillo and D. Filiz Unsal
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 49 (395,273)

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Central bank policy, Cross country analysis, Economic models, Ghana, Low-income developing countries, Monetary aggregates, Monetary policy, Money, Tanzania, Uganda

12.

The Monetary Transmission Mechanism in the Tropics: A Narrative Approach

IMF Working Paper No. 13/197
Number of pages: 55 Posted: 10 Oct 2013
Andrew Berg, Luisa Charry, Rafael Portillo and Jan Vlček
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 46 (405,682)

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Monetary Transmission Mechanisms, Low Income Countries, monetary policy, inflation, central bank, monetary fund, money market, aggregate demand, monetary targeting, monetary policy frameworks, reserve requirements, open market operations, transmission of monetary policy, national bank, monetary policies, money market interest rates, discount rate, money demand, monetary aggregates, monetary targets, monetary policy implementation, long-term interest rates, loose monetary policy, monetary system, monetary policy transmission mechanism, monetary standards, monetary regimes, monetary authority, monetary shocks, monetary policy reaction function, monetary union, monetary conditions, monetary pol

13.

Quarterly Projection Model for India: Key Elements and Properties

IMF Working Paper No. 17/33
Number of pages: 42 Posted: 23 Mar 2017
International Monetary Fund (IMF), Government of Canada - Bank of Canada, Government of India - Reserve Bank of India, International Monetary Fund (IMF), Government of India - Reserve Bank of India, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, Government of India - Reserve Bank of India, Government of India - Reserve Bank of India, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 35 (448,837)
Citation 1

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Central banks and their policies, Monetary policy, Monetary transmission mechanism, Interest rate policy, Forecasting models, Inflation targeting, India, Asia and Pacific, inflation targeting; Reserve Bank of India; inflation episodes in India; forecasting models; monetary policy models; model calibration; monetary policy rules; monetary policy simulations, Reserve Bank of India, inflation episodes in India, monetary policy models, model calibration, monetary policy rules, monetary policy simulations, Model Evaluation and Testing, Forecasting and Other Model Applications, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects), Studies of Particular Policy Episodes

14.

Money Targeting in a Modern Forecasting and Policy Analysis System: An Application to Kenya

IMF Working Paper No. 13/239
Number of pages: 45 Posted: 24 Dec 2013
International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division, Ohio State University (OSU) - Department of Economics, International Monetary Fund (IMF) - Monetary and Exchange Affairs Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 34 (453,195)

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Monetary policy, Kenya, Interest rates, Inflation targeting, Monetary aggregates, Demand for money, Low-income developing countries, Economic models, Money Targeting, Forecasting, Low-Income Countries, money demand, central bank, aggregate demand, money market, monetary fund, money balances, monetary policy regime, monetary policy framework, liquidity management, monetary policy implementation, reserve requirements, money markets, money market interest rates, monetary policy decisions, money supply, interest rate targeting, monetary policy strategy, monetary policy operations, monetary authority, monetary policy instrument, monetary policy frameworks, monetary transmission mechanism, monetar

15.

On the First-Round Effects of International Food Price Shocks: The Role of the Asset Market Structure

IMF Working Paper No. 15/33
Number of pages: 36 Posted: 24 Mar 2015
Rafael Portillo and Luis-Felipe Zanna
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 22 (514,917)

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Food prices, Commodity price shocks, Inflation, Monetary policy, Developing countries, Econometric models, Food Price Shocks, First-Round Effects, New-Keynesian Models, Asset Market Structure., markets, substitution, food consumption, demand, price index

16.

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime

IMF Working Paper No. 14/18
Number of pages: 42 Posted: 20 Feb 2014
Andrew Berg, Rafael Portillo and Luis-Felipe Zanna
International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 21 (520,797)
Citation 1

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Exchange rate regimes, Aid flows, Africa, Foreign exchange, Reserves accumulation, Central banks, Monetary policy, Fiscal policy, Economic models, Reserve Accumulation Policies, Sterilization Policies, Transfer Problem., fixed exchange rate, fixed exchange rate regime, flexible exchange rate, flexible exchange rate regime, real exchange rate, exchange rate appreciation, exchange rates, real exchange rate appreciation, fixed exchange rate regimes, nominal exchange rate, flexible exchange rates, flexible exchange rate regimes, exchange sales, exchange rate commitment, foreign exchange sales, exchange rate policies, currency substitution, exchange rate peg, exchange reserves, fixed exchange rat

17.

An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank

IMF Working Paper No. 18/210
Number of pages: 72 Posted: 16 Oct 2018
International Monetary Fund (IMF), International Monetary Fund (IMF), TED University, Czech National Bank, Czech National Bank (CNB), CBA, International Monetary Fund (IMF) - Research Department, CBA, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 17 (544,326)

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Central banks, Czech Republic, Europe, Inflation targeting, Monetary policy, Transparency, General

18.

A Model for Monetary Policy Analysis in Uruguay

IMF Working Paper No. 15/170
Number of pages: 30 Posted: 14 Sep 2015
Rafael Portillo and Yulia Ustyugova
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 14 (562,361)

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Money Targeting, money, inflation, demand, interest rates, Monetary Policy (Targets, Instruments, and Effects), Forecasting and Simulation, Fiscal and Monetary Policy in Development

19.

Implications of Food Subsistence for Monetary Policy and Inflation

IMF Working Paper No. 16/70
Number of pages: 63 Posted: 27 Sep 2016
International Monetary Fund (IMF), International Monetary Fund (IMF), Swarthmore College - Economics Department and Innovations for Poverty Action
Downloads 13 (568,539)
Citation 1

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Structural Transformation, Monetary Policy, Inflation, Subsistence.

20.

Monetary Policy in Low Income Countries in the Face of the Global Crisis: A Structural Analysis

Pacific Economic Review, Vol. 20, Issue 1, pp. 149-192, 2015
Number of pages: 44 Posted: 21 Feb 2015
International Monetary Fund (IMF), Czech National Bank, International Monetary Fund (IMF) - Developing Country Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (674,283)
Citation 1
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