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Appendix III. Impulse Response Functions

Author(s):
Paulo Drummond, Ari Aisen, Emre Alper, Ejona Fuli, and Sébastien Walker
Published Date:
July 2015
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Impulse responses functions are plotted below for the five endogenous variables and the five structural shocks. The dotted lines represent bootstrapped 90 percent confidence bands. United States* and Kenya*, respectively, indicate that the United States and Kenya are treated as the foreign country.

Impulse Responses with the United States*

Burundi

Kenya

Rwanda

Tanzania

Uganda

Impulse Responses with Kenya*

Burundi

Rwanda

Tanzania

Uganda

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