Global shocks alert and monetary policy responses

Olatunji A. Shobande, Oladimeji T. Shodipe, Simplice A. Asongu

The study examines the role of global predictors on national monetary policy formation for Kenya and Ghana within the New Keynesian DSGE framework. We developed and automatically calibrated our DSGE model using the Bayesian estimator, which made our model robust to rigorous stochastic number of subjective choices. Our simulation result indicates that global factors account for the inability of national Central Banks to predict the behaviour of macroeconomic and financial variables among these developing nations.

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Year of publication:	[2019]
Authors:	Shobande, Olatunji Abdul ; Shodipe, Oladimeji Tomiwa ; Asongu, Simplice
Publisher:	[Yaoundé] : African Governance and Development Institute
Subject:	Business Cycle \| Macroeconomic policy \| Financial crises \| Geldpolitik \| Monetary policy \| Schock \| Shock \| Finanzkrise \| Financial crisis \| Wirtschaftspolitik \| Economic policy \| Konjunktur \| Business cycle

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Extent:	1 Online-Ressource (circa 35 Seiten) Illustrationen
Series:	AGDI working paper. - [Yaoundé] : [Verlag nicht ermittelbar], ZDB-ID 2832636-2. - Vol. WP/19, 066
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/227944 [Handle]
Classification:	E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012107801