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.
- Sprache
-
Englisch
- Erschienen in
-
Series: AGDI Working Paper ; No. WP/19/066
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
- Thema
-
Business Cycle
Macroeconomic policy
Financial crises
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Shobande, Olatunji Abdul
Shodipe, Oladimeji Tomiwa
Asongu, Simplice
- Ereignis
-
Veröffentlichung
- (wer)
-
African Governance and Development Institute (AGDI)
- (wo)
-
Yaoundé
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Shobande, Olatunji Abdul
- Shodipe, Oladimeji Tomiwa
- Asongu, Simplice
- African Governance and Development Institute (AGDI)
Entstanden
- 2019
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