 | Monetary Policy Implementation and Volatility Transmission along the Yield Curve : The Case of Kenya Author/Editor: Emre Alper, R Armando Morales, Fan Yang. Release Date:June, 2016 This paper analyzes the degree to which volatility in interbank interest rates leads to volatility in financial instruments with longer maturities (e.g., T-bills) in Kenya since 2012, year in which more...
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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 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...
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|  | 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 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...
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