Effects of Monetary Policy on Macroeconomic Performance in Kenya - Couverture souple

Kachumbo, Danson; M. Muturi, Willy; Ngoka, Kethi

 
9783659936319: Effects of Monetary Policy on Macroeconomic Performance in Kenya
Couverture souple
ISBN 10 : 3659936316 ISBN 13 : 9783659936319
Editeur : LAP LAMBERT Academic Publishing, 2016

Synopsis

The objective of the study was to evaluate the effects of monetary policy using monetary policy tools such as money supply, nominal exchange rate and credit to the private sector on employment, output and inflation. The findings indicated that an increase in money supply did not have a significant change in employment. Money supply however affected output and inflation positively in the short run. Moreover, the study found that an increase in the exchange rate in short run had an insignificant change in employment and output but had a significant change in inflation. Furthermore, the study found that an increase in credit to the private sector in the short run had an insignificant change in employment. It, however, had a positive impact on output and inflation. The weak effects of monetary policy on employment could have been attributed to structural rigidities in the financial sector.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The objective of the study was to evaluate the effects of monetary policy using monetary policy tools such as money supply, nominal exchange rate and credit to the private sector on employment, output and inflation. The findings indicated that an increase in money supply did not have a significant change in employment. Money supply however affected output and inflation positively in the short run. Moreover, the study found that an increase in the exchange rate in short run had an insignificant change in employment and output but had a significant change in inflation. Furthermore, the study found that an increase in credit to the private sector in the short run had an insignificant change in employment. It, however, had a positive impact on output and inflation. The weak effects of monetary policy on employment could have been attributed to structural rigidities in the financial sector.

Biographie de l'auteur

The study determines the effects of monetary policy using both recursive and structural vector auto regressions (VAR). The objective of the study was to evaluate the effects of monetary policy using monetary policy tools such as money supply, nominal exchange rate and credit to the private sector on employment, output and inflation.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2016
Langue
anglais
ISBN 10 
3659936316
ISBN 13 
9783659936319
Reliure
Broché
Nombre de pages
76
Coordonnées du fabricant
non disponible
Personne responsable
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