Articles liés à TAYLOR'S RULE: THE CASE OF THE BANQUE DE LA REPUBLIQUE...

TAYLOR'S RULE: THE CASE OF THE BANQUE DE LA REPUBLIQUE DU BURUNDI - Couverture souple

Kwizera, Thierry

 
9786204035192: TAYLOR'S RULE: THE CASE OF THE BANQUE DE LA REPUBLIQUE DU BURUNDI
Couverture souple
ISBN 10 : 6204035193 ISBN 13 : 9786204035192
Editeur : Our Knowledge Publishing, 2021

Synopsis

The objective of this work is to estimate, according to the methodology of Taylor (1993), the reaction function of the Bank of the Republic of Burundi. We first test the stationarity of the variables. The methodology used is inspired by Clarida, Galí and Gertler (1998), Mésonnier and Renne (2004) and De Lucia and Lucas (2007). In a second step, we estimate the reaction function of the BRB by the generalized method of moments. We use the Hodrick-Prescott filtering method as a mode of calculating the output gap used in the regression. The results of the stationarity test prove that all variables are stationary in first difference. The results obtained from the annual data (1980 to 2015), show that the estimated rule deviates from the Taylor rule. In addition, the exchange rate was not taken into account by the BRB in the implementation of its monetary policy.

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Éditeur
Our Knowledge Publishing
Date d'édition
2021
Langue
anglais
ISBN 10 
6204035193
ISBN 13 
9786204035192
Reliure
Broché
Nombre de pages
56
Coordonnées du fabricant
non disponible
Personne responsable
non disponible