Impact of Quasi Fiscal Operations on GDP& Prices in Zimbabwe:2003-2008. Impact of Central Bank Quasi Fiscal Operations on GDP & Prices in an Economic Crisis: The Case of Zimbabwe:2003-2008

      Аннотация: Impact of Quasi Fiscal Operations on GDP & Prices in Zimbabwe considers how Reserve Bank of Zimbabwe’s extra ordinary activities during the hyperinflationary period impacted, Zimbabwe’s GDP and prices. Gladys Shumbambiri recommends this book to anyone interested in Zimbabwe’s hyperinflationary period and its economy, and the lessons that can be learnt in how to manage an economy under hyperinflation. The implication of the findings in the study for policy analysis suggests that Quasi Fiscal Operations financed through money printing are not a panacea to enhancing output and economic growth in an economic crisis but rather that the anti-inflationary policy prescription espoused by the monetarist school should be followed in order to curb inflation in an economic crisis.Zimbabwe’s hyperinflationary period became a topical issue in the global economy and an understanding of this unique small country’s economy and the management of the economy under economic crisis profers lessons for other economies that might pass through a similar economic crisis.I recommend this book to scholars, students and people outside academia who are interested in economic management in crisis periods.

Ключевые слова: Monetary Policy, money neutrality, quasi fiscal operations