industries, and directly utilize natural resources. The question is what policy instruments are efficient to reduce income … inequality. The main objectives of monetary policy aim to maintain price stability, improve sector growth, and create employment …, and monetary policy always dominates fiscal policy for rising or falling income inequality during a certain period, which …

impulse responses to monetary policy shocks, and cumulatively they suggest that 'insignificant' results can be expected even …

remained dominant in mainstream economics despite recurrent policy failures, contradictory theories and inconclusive revisions … manageable by macroeconomic policy guided by this analysis. We explore why this epistemological approach of the economy has … of both theories and policies. We identify a relationship of ‘epistemic entanglement’ between economics as a discipline …

forecasting and monetary policy analysis in low-income countries and apply it to Kenya. We use the model to run several policy … last few years, with a special emphasis on the various factors (international food prices, monetary policy) driving … inflation. Third, we perform an out-of-sample forecast to identify where the economy — and therefore policy — was likely headed …

, a typical feature of LICs, help explain this result. Our interpretation is that poor institutions, leaving fiscal policy … unconstrained, impair central banks’ ability to conduct monetary policy in a way consistent with IT. …

This paper considers monetary and fiscal policy responses to oil price shocks in low income oil importing countries. I … macroeconomic issues when exchange rates are flexible. The welfare gains from a policy that finances the subsidy through lump sum … taxation are small compared to the policy with full pass through. For most calibrations the losses from financing the policy …

– The findings show that expansionary monetary policy such as an increase in money supply stimulates bank lending, while … contractionary monetary policies like increase in the monetary policy rates by the central banks lead to credit contraction, albeit a … rigidities in the system characteristic of developing countries that undermine the effectiveness of monetary policy transmission …

fragile states is affected by highly volatile domestic factors that complicate monetary policy’s ability to deliver price … contribution of monetary policy shocks to inflation is moderate, reflecting its broadly neutral stance throughout most of the last … two decades. However, monetary policy has occasionally made larger contributions to inflation, and recently helped contain …

framework for examining possible policy responses to increased aid, in terms of absorption and spending of aid - where the … central bank controls absorption through monetary policy and the sale of foreign exchange and the fiscal authority controls … part in the policy reaction to aid surges. Fiscal and monetary authorities should coordinate their responses to an aid …

practice and conduct of monetary policy. This paper studies the impact of monetary policy on food inequality in India …. Specifically, we examine the impact of monetary policy shocks on the relative food prices and the distribution of food consumption … policy shocks on relative food prices and the distribution of food consumption in rural and urban India using a dynamic …