The present study applies purpose-built dynamic computable general equilibrium models for Ghana and Kenya with a …

monetary policy in Kenya during 1998-2012. The country has witnessed a number of financial innovations during this period. The …, and if so how. The results show that the innovations have improved the monetary policy environment in Kenya as the …. A structural break raises questions on the credibility of the current monetary targeting framework in use in Kenya, in …

sectoral growth, inflation, investment and external account) for 20 countries. The data are classified on an annual basis …

formulated at the beginning, one also notes that inflation has a negative effect on the economic growth. These results emphasize …

neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … mechanism of propagation of shocks affecting the level of inflation and a mecanisme for output stabilization. …

opinions that the inflation target chosen at 2% by ECB for the Eurozone is too low, thereby making the whole MPS excessively … restrictive. I conclude observing that the “core” inflation-target of 2% is in fact at the very basis of the ECB non …, since the inflation target wasn’t in any jeopardy, the European Central Bank didn’t do anything. Maintaining the goal of …

data from 1996-97Q1 to 2011-12Q4. It finds that both the shocks impact real output growth and inflation in the short …. An unanticipated hike/reduction in policy rate leads to a symmetric decline/rise in inflation. An unanticipated change in … money supply leads to higher inflation, but a similar decrease in it has no significant impact on inflation. …

values of capital gain yield against inflation and other supporting variables were first estimated and these predicted values … classical discussion among financial researchers about the inflation-hedging capabilities of stock investment in short to medium … regression, the empirical results of the study illustrate that capital gain is affected by inflation levels prevailing for the …

employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different …

indicate that for the period analyzed, Lucas’s hypothesis explains fairly well why the trade-off between inflation and output …