Post-crisis monetary policy frameworks in sub-Saharan Africa

Simple item page
dc.contributor.authorKasekende, Louis
dc.date.accessioned2022-02-18T05:47:13Z
dc.date.available2022-02-18T05:47:13Z
dc.date.issued2011
dc.description.abstractMost of the monetary policy frameworks which use a domestic anchor for monetary policy in sub-Saharan Africa (SSA) employ quantitative money targets. Although these frameworks proved useful in reducing inflation in SSA, they are not well suited to the discretionary fine tuning of monetary policy. Monetary policy frameworks should be reformed in the post-crisis period, especially in the ‘frontier markets’ of SSA, where the need for activist demand management will grow in line with economic development and the integration of domestic financial sectors into global markets. Reforms should include adopting a broader set of policy objectives in addition to inflation, replacing broad money as the intermediate target with a more sophisticated set of indicators and forecasts and reform of the operating target. In essence, central banks should introduce a form of inflation targeting lite. This should be complemented by measures to strengthen the transmission mechanism of monetary policy.en_US
dc.identifier.citationKasekende, L., & Brownbridge, M. (2011). Post‐crisis Monetary Policy Frameworks in sub‐Saharan Africa. African Development Review, 23(2), 190-201.en_US
dc.identifier.urihttps://doi.org/10.1111/j.1467-8268.2011.00280.x
dc.identifier.urihttps://nru.uncst.go.ug/xmlui/handle/123456789/2191
dc.language.isoenen_US
dc.publisherWilleyen_US
dc.subjectMonetary Policyen_US
dc.subjectSub-Saharan Africaen_US
dc.subjectPost-crisisen_US
dc.titlePost-crisis monetary policy frameworks in sub-Saharan Africaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Post-crisis Monetary Policy Frameworks in sub-Saharan Africa.pdf
Size:
872.9 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Social Sciences