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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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Cheng, Kevin C. (Autor)
Autor Corporativo: International Monetary Fund. African Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, 2006.
Colección:IMF working paper ; WP/06/300.
Temas:
Acceso en línea:Texto completo