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The Exchange Rate Pass-through to Inflation and its Implications for Monetary Policy in Cameroon and Kenya

Understanding how domestic prices adjust to the exchange rate enables us to anticipate the effects on inflation and monetary policy responses. This study examines the extent of the exchange rate pass-through to the Consumer Price Index in Cameroon a…

Incertitudes et Performances Macroéconomiques dans la Zone UEMOA /Uncertainties and Macroeconomic Performances in WAEMU Area

The purpose of this article is to investigate the causal relationship between inflation and its uncertainty, output growth and uncertainty and between nominal uncertainty and real uncertainty. First the GARCH process is used that generates a condit…

Analyse de lʼinteraction des Politiques Budgétaire et Monétaire au sein de lʼUnion Economique et Monétaire Ouest Africaine /Analysis of the Budgetary and Monetary Policy Interaction within the West African Economic and Monetary Union

This article analyzed the coordination of fiscal and monetary policies within the UEMOA. The analysis of the evolution of budget deficits and public debt shows that there is some form of coordination reinforced by the implementation of the Stability…

Capital Flight and Monetary Policy in African Countries

"According to conventional economic theory, high interest rates are expected to stem capital flight by raising the relative rate of return to investment in domestic assets. However, African countries have experienced high capital flight over the pas…

Five Years Of Inflation-Targeting In Ghana: What Has Changed And What Needs To Change Further To Enhance The Process?

"After achieving political independence in 1957, Ghana set up its own central bank to conduct independent monetary policy among other functions. Since then, various frameworks have been adopted to deliver price stability as the principal goal of mon…

Determination Of Real Exchange Rate Misalignment For Ghana

"The paper determines real exchange rate misalignment for Ghana for the period 1980 - 2010. It finds that the equilibrium real exchange rate is influenced to a significant extent by "fundamental" or "real" factors - represented in the study by produ…

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