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Financial Soundness Indicators (FSIs) are measures that indicate the current financial health and soundness of a country's financial institutions, and their corporate and household counterparts. FSIs include both aggregated individual institution data and indicators that are representative of...
Persistent link: https://www.econbiz.de/10014410981
The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of disturbances are not well defined. It is argued that when it is costly to delay policy reactions to seldom-experienced shocks until formal...
Persistent link: https://www.econbiz.de/10014395820
We provide a framework for analyzing the choice between optimal and robust monetary policy rules in the presence of paradigm uncertainty. We first discuss the conditions on uncertainty that render a robust rule preferable to an optimal rule. Second, we show how the degree of risk aversion of the...
Persistent link: https://www.econbiz.de/10014401324
Inflation distorts prices, erodes savings, discourages investment,stimulates capital flight, inhibits growth, and makes economic planning anightmare. During the past decade, several advanced economies have takena new approach to the age-old problem of controlling inflation throughmonetary policy...
Persistent link: https://www.econbiz.de/10014397664
This paper on Poverty Reduction Strategy Papers (PRSPs) on Kenya explains macroeconomic, structural, and social …
Persistent link: https://www.econbiz.de/10014406020
Kenya’s macroeconomic performance continued to improve until violence erupted in the aftermath of the general elections …
Persistent link: https://www.econbiz.de/10014402768
Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor … accumulation. The Selected Issues paper and Statistical Appendix for Kenya examines economic developments and policies. During the … last two decades, Kenya has been plagued by pervasive problems of internal conflicts, constitutional crises, and corruption …
Persistent link: https://www.econbiz.de/10014402955
In Kenya, the general government is not defined consistently with government finance statistics (GFS) principles … with overall fiscal management. External scrutiny of macroeconomic assumptions is encouraged. Kenya meets some of the …
Persistent link: https://www.econbiz.de/10014403733
This book, written by the staff of the IMF Institute, offers a series of workshops on Kenya that are used as a case …
Persistent link: https://www.econbiz.de/10014396513
This paper describes Kenya’s third review under the three-year arrangement under the Extended Credit Facility (ECF) and … request for modification of performance criteria. The Executive Board approved a three-year ECF arrangement for Kenya on …
Persistent link: https://www.econbiz.de/10014396643