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Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya

Author/Editor: Michal Andrle, Andrew Berg, Enrico Berkes, Rafael A Portillo, Jan Vlcek, R Armando Morales.

Release Date: November, 2013

Price: $18.00

We extend the framework in Andrle and others (2013) to incorporate an explicit role for money targets and target misses in the analysis of monetary policy in low-income countries (LICs), with an more...



Forecasting and Monetary Policy Analysis in Low-Income Countries: Food and non-Food Inflation in Kenya

Author/Editor: Michal Andrle, Andrew Berg, R Armando Morales, Rafael Portillo, Jan Vlcek.

Release Date: March, 2013

Price: $18.00

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for forecasting and monetary policy analysis in low-income countries and apply it to more...



Kenya : Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release

Release Date: April, 2012

Price: $18.00

This paper describes Kenya’s third review under the three-year arrangement under the Extended Credit Facility (ECF) and request for modification of performance criteria. The Executive Board more...



Kenya : 2011 Article IV Consultation, Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Modification of Performance Criteria and Augmentation of Access: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya.

Release Date: January, 2012

Price: $18.00

This paper discusses key findings of the Second Review for Kenya under the Extended Credit Facility (ECF). Program implementation during the first half of 2011 was in line with the objectives. All more...



Kenya: First Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waivers and Modification of Performance Criteria - Staff Report; Press Release

Release Date: July, 2011

Price: $18.00

Kenya : Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya

Release Date: February, 2011

Price: $18.00

Kenya’s economy is bouncing back following multiple shocks between 2008 and 2009. The program targets a gradual reduction in the central government primary balance through tax reform and strict more...



Kenya : Poverty Reduction Strategy Annual Progress Report: 2003/2004

Release Date: May, 2007

Price: $18.00

Kenya’s Poverty Reduction Strategy Annual progress report highlights that sound macroeconomic management policies are finally beginning to yield results in terms of macroeconomic growth, which more...