The first essay attempts to explain how the economy responds to transient exogenous exchange rate and cost-push shocks using a small open economy New Keynesian dynamic general equilibrium model that incorporates prices and wage stickiness and cost channel of interest rate to inflation. The model...

Similar to global currencies, the Zambian currency (kwacha) has varied considerably against major currencies since the early 1990s. Existing empirical evidence reveals that fluctuations in exchange rates can potentially generate distortions in the economy. However, insufficient empirical...

This thesis provides an applied macroeconometric study of the determination ofoutput and inflation and of stabilization policy. Its focus is on the time series analysisof output and inflation, concentrating on the use of direct measures of expectationsand data obtained in real time, and modelled...

Debt which emerged as a result of excessive lending by the advanced nationsto disorganised and badly managed economies is oppressing the world’s poorest andmost vulnerable whilst enriching wealthy creditors.This study investigates the relationship between debt and the economic growthof 56...