This paper examines the effectiveness of monetary policy in Kenya based on policy simulations from a structural macroeconometric model. The analysis is conducted using the policy rate, i.e. the central bank rate (CBR) and the cash reserve ratio (CRR) with respect to the interest rate and bank...

The paper analyses monetary policy reaction function for Kenya using quarterly data for the period 1999 to 2011. The empirical results show a strong effect of interest rate smoothing and support the fact that monetary policy was accommodative of the output growth objective. The response to...

Realizing high economic growth and generating gainful employment present major challenges for Kenya. This paper analyzes the gendered employment outcomes of various investment options in Kenya using Social Accounting Matrix multiplier analysis. Results reveal that Kenya's agriculture sector...