## Angola: Selected Issues

_IMF Staff Country Reports, March 27, 2024_

## Source details

**Canonical URL:** [Angola: Selected Issues](https://www.imf.org/en/publications/cr/issues/2024/03/27/angola-selected-issues-546892)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/03/27/angola-selected-issues-546892/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/03/27/angola-selected-issues-546892/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/03/27/angola-selected-issues-546892/bundle-manifest.json)

## Bibliographic details
- Published: March 27, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400271526.002

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### Overview
- Publication date: March 27, 2024
- Format: Selected Issue paper (IMF Staff Country Reports)
- Pages: 33
- Volume: 2024
- Issue: 081
- Series: Country Report No. 2024/081
- DOI: https://doi.org/10.5089/9798400271526.002
- Stock No: 1AGOEA2024002
- ISBN: 9798400271526
- ISSN: 1934-7685
- Subjects: Commodities; Economic sectors; Education; Gender; Gender inequality; International organization; Monetary policy; Oil; Oil sector; Women
- Keywords: Gender inequality; Global; modeling monetary policy; monetary policy credibility; monetary policy response shock; Oil; oil price shock; oil sector; Oil sector; Women

### Model and Methodology
- Uses an extended semistructural New Keynesian model calibrated to mimic Angola.
- Model features:
  - Angola’s oil dependence.
  - Strong linkages between the oil sector and the exchange rate.
  - All variables in the behavioral equations are expressed as gaps, defined as percentage deviations from their trend or equilibrium levels.
- Purpose of the framework:
  - Develop a forward-looking framework that can model the impact of shocks on an economy calibrated to mimic Angola.
  - Inform monetary policy discussions with analysis of various policy trade-offs.

### Shocks and Economic Mechanics
- Focus on shocks to the oil sector and their effects:
  - Influence both the cyclical and structural levels of the economy.
  - Particular attention to implications given the nature of ageing oil fields in Angola.
- Emphasizes the exchange rate as a transmission channel linked to the oil sector.

### Simulations and Key Findings
- Simulations are used to analyze shocks and policy scenarios in Angola.
- Main simulation result:
  - Improving the monetary policy framework and credibility can lower output cost and economic volatility during shock periods.

### Policy Implications and Analysis
- Central policy message:
  - Strengthening monetary policy framework and credibility reduces output costs and volatility when the economy faces oil-sector shocks.
- Intended use:
  - Inform monetary policy discussions by illustrating trade-offs and outcomes across scenarios calibrated to Angola’s structural characteristics.

*Source: Angola: Selected Issues (IMF Staff Country Reports), March 27, 2024.*

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## Content in this bundle

- **Angola: Selected Issues; IMF Country Report No. 24/81; February 26, 2024**
  - [Angola: Selected Issues; IMF Country Report No. 24/81; February 26, 2024 (Markdown version)](/-/media/files/publications/cr/2024/english/1agoea2024002.pdf.md){rel="alternate" type="text/markdown"}
  - [Angola: Selected Issues; IMF Country Report No. 24/81; February 26, 2024 (PDF)](/-/media/files/publications/cr/2024/english/1agoea2024002.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2024/03/27/angola-selected-issues-546892_