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forecasting and monetary policy analysis in low-income countries and apply it to Kenya. We use the model to run several policy … recover the sequence of domestic and foreign macroeconomic shocks that account for business cycle dynamics in Kenya over the …
Persistent link: https://www.econbiz.de/10013035741
in the analysis of monetary policy in low-income countries (LICs), with an application to Kenya. We provide a general … target misses in terms of structural shocks (aggregate demand, policy, shocks tomoney demand, etc). In the case of Kenya, we …
Persistent link: https://www.econbiz.de/10013071365
for Kenya using data during 1997-2005. Based on techniques commonly used in the vector autoregression literature, the main …
Persistent link: https://www.econbiz.de/10012777936
This paper reviews the impact of interest rate controls in Kenya, introduced in September 2016. The intent of the …
Persistent link: https://www.econbiz.de/10012868262
instruments with longer maturities (e.g., T-bills) in Kenya since 2012, year in which the monetary policy framework switched to a …, Sweden, Thailand, and Uganda). Kenya shows strong volatility transmission and high persistence similar to other countries in …
Persistent link: https://www.econbiz.de/10012977834
development — three low-income countries (Uganda, Kenya, Mozambique), and three emerging market countries (Malaysia, the …
Persistent link: https://www.econbiz.de/10013027668
de facto pursuing a strategy more akin to a Taylor Rule. Estimations of small-scale models for Kenya, Uganda and Tanzania … place in Kenya and Tanzania. In Uganda, these errors are much smaller, in fact similar in size to Taylor Rule deviations …
Persistent link: https://www.econbiz.de/10012998791
Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks. Our analysis contributes...
Persistent link: https://www.econbiz.de/10013306769
We analyze the corporate green bond market under a rational framework without an innate green preference, using a simple adverse selection model. Firms can use green bonds to signal their green credentials to investors. Transition risk stems from uncertainty over the introduction of carbon...
Persistent link: https://www.econbiz.de/10014258404
). Firm-level SME data and sectoral corporate balance sheets show that many SMEs have faced structural challenges of high … support measures should be phased out and SME restructuring be accelerated. Efforts are also needed to deepen capital markets … SME weaknesses would improve private investment, enhance firm productivity, and lift growth …
Persistent link: https://www.econbiz.de/10013088729