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Global Shocks Alert and Monetary Policy Responses
| Content Provider | Scilit |
|---|---|
| Author | Shobande, Olatunji Shodipe, Oladimeji Asongu, Simplice |
| Copyright Year | 2019 |
| Description | Journal: SSRN Electronic Journal 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. |
| Related Links | http://publications.excas.org/RePEc/exs/exs-wpaper/Global-Shocks-Alert-and-Monetary-Policy-Responses.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3467521 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3467521 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2019-01-01 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal Development Studies Business Cycle Macroeconomic Policy Financial Crises |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |