A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism : How Does the Central Bank's REPO Rate Affect the Economy? /

This paper examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate for Kenya using data during 1997-2005. Based on techniques commonly used in the vector autoregression literature, the main results suggest that an exogenous increase in the short-term...

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Библиографические подробности
Главный автор: Cheng, Kevin
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2006.
Серии:IMF Working Papers; Working Paper ; No. 2006/300
Online-ссылка:Full text available on IMF