by Kenya Institute for Public Policy Research and Analysis in Nairobi, Kenya .
Written in English
|Statement||Free Huizinga ... [et al.].|
|Series||KIPPRA discussion paper ;, no. 11|
|Contributions||Huizinga, Fredrick Hendrick.|
|LC Classifications||HC865 .T47 2001|
|The Physical Object|
|Pagination||v, 49 p. :|
|Number of Pages||49|
|LC Control Number||2003405862|
INTRODUCTION This paper presents the theoretical framework for the Central Bank of Kenya (CBK) macroeconometric model. In addition, it highlights the theoretical base for the model’s main. A THEORETICAL FRAMEWORK FOR KENYA'S CENTRAL BANK MACROECONOMETRIC MODEL 7 tion of interest rates and output derived in the money market where money demand equals money supply. Along this curve, the money market is in equilibrium. The demand for money is demand for real balances. Theoretical Base for the Kenya Macro Model: The KIPPRA-Treasury Macro Model (with ga, ’u and i, KIPPRA Discussion Paper, ) [Download PDF] Estimation Procedure and Estimation Results of the Kenya’s KIPPRA-Treasury Macro Model (With ’u and i, forthcoming as KIPPRA Working Paper) [ . This is aimed at developing a theoretical and empirical template for such policy tools that are increasingly being demanded in African ministries of finance and central banks. We have concretized it by building a macro-econometric model for Rwanda. The Rwanda macro-econometric model has equations, of which 72 are endogenous.
1. The National Institute for Economic Policy Model 2. The World Bank Macroeconometric model 3. The Industrial Development Corporation’s CGE model 4. The Development Bank of Southern Africa (DBSA) Model 5. International Food Policy and Trade and Industrial Policy Models Macroeconometric Model 1. University of Pretoria Macroeconometric Model 2. work on model comparison by Taylor and Wieland (), Wieland et al. () and Schmidt and Wieland (). The computational platform for model comparison, the Macroeconomic Model Data Base (MMB, henceforth), enables individual researchers to conduct systematic model comparisons and policy evaluations easily and at low cost Furthermore, it. Purchase New Trends In Dynamic Systems Theory And Economics - 1st Edition. Print Book & E-Book. ISBN , In his theory competence means a cognitive system of rules, by which speech rules are generated. Based on the theory of Sossyura, he outlined the ratio of “competence” and “competency”, as well as the concepts of “language” and “speech” (Chomsky, ).File Size: KB.
In contrast, the CBK macro model is a quarterly macroeconometric model developed in to aid in the analysis of monetary policy in addition to providing short term macroeconomic forecasts. 6 The model contains the core sectors of the economy, i.e. monetary, external, fiscal and real sectors, with a detailed monetary block tailored towards monetary policy operations of the bank. A brief description of the model Cited by: 2. A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. This paper examines the effectiveness of monetary policy in Kenya based on policy simulations from a structural macroeconometric model. The analysis is conducted using the policy rate, i.e. the central bank rate (CBR) and the cash reserve ratio (CRR) with respect to the interest rate and bank lending channels, respectively. The theoretical base of the KTMM is described fully in Theoretical Base for the Kenya Macro Model, KIPPRA Pa October ). The model is demand driven in the short run, with multiplier effects through consumption and investment.