A Dynamic Model of Inflation for Kenya, 1974–1996

A Dynamic Model of Inflation for Kenya, 1974–1996
This paper analyses the dynamics of inflation in Kenya during 1974-96, a period characterized by external shocks and internal disequilibria. By developing a parsimonious and empirically constant error correction model the paper finds that the exchange rate, foreign prices, and terms of trade have long-run effects on inflation, while the money... READ MORE...

Publication date: July 1999
ISBN 9781451852004
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