Series: IMF Working Papers
Author(s): Hamid Davoodi , S. V. S. Dixit , and Gabor Pinter
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 February 2013
Keywords: reserve money, policy rate, vector autoregressions, inflation, monetary transmission, central bank, monetary policy framework, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments
Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical infer...