Arbeitspapier
Global shocks alert and monetary policy responses
The study examines the role of global predictors on national monetary policy formation for Kenya and Ghana within the New Keynesian DSGE framework. We developed and automatically calibrated our DSGE model using the Bayesian estimator, which made our model robust to rigorous stochastic number of subjective choices. Our simulation result indicates that global factors account for the inability of national Central Banks to predict the behaviour of macroeconomic and financial variables among these developing nations.
- Language
-
Englisch
- Bibliographic citation
-
Series: AGDI Working Paper ; No. WP/19/066
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
- Subject
-
Business Cycle
Macroeconomic policy
Financial crises
- Event
-
Geistige Schöpfung
- (who)
-
Shobande, Olatunji Abdul
Shodipe, Oladimeji Tomiwa
Asongu, Simplice
- Event
-
Veröffentlichung
- (who)
-
African Governance and Development Institute (AGDI)
- (where)
-
Yaoundé
- (when)
-
2019
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Shobande, Olatunji Abdul
- Shodipe, Oladimeji Tomiwa
- Asongu, Simplice
- African Governance and Development Institute (AGDI)
Time of origin
- 2019
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