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in selected African countries. The countries considered are The Gambia, Ghana, Kenya, Mozambique, Nigeria, and Sierra …
Persistent link: https://www.econbiz.de/10014396473
This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest...
Persistent link: https://www.econbiz.de/10014395864
Persistent link: https://www.econbiz.de/10009488223
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Many low-income countries do not use interest rates as their main monetary policy instrument. In East Africa, for … 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/10011445839
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 to money demand, etc). In the case of Kenya, we …
Persistent link: https://www.econbiz.de/10012667479
Many central banks in low-income countries in Sub-Saharan Africa are modernising their monetary policy frameworks … policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find …
Persistent link: https://www.econbiz.de/10012667505
Recent micro level data from East Africa is used to benchmark aggregate data and assess the role of agricultural inputs …
Persistent link: https://www.econbiz.de/10012251996
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/10012022041