Record Details

The Dynamic Effects of Monetary Policy on Real Variables in Namibia

African Journal of Economic Review

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Field Value
 
Title The Dynamic Effects of Monetary Policy on Real Variables in Namibia
 
Creator Sunde, Tafirenyika
Akanbi, Olusegun Ayodele
 
Subject Unemployment, Structural VAR, Impulse response, Variance decomposition, Namibia, macroeconometric modelling
 
Description The study develops a small macroeconometric model for Namibia by using labour market and monetary variables for the period 1980 to 2013. The study shows the process through which monetary policy affects real (labour market) variables. Using the structural vector autoregression methodology (SVAR), a small macroeconometric model is developed using three modular experiments, namely; the basic model, and models that incorporate demand and exchange rate channel variables to the basic model and specification of the macro-econometric model. The study finds that demand and exchange rate channels variables have important additional information, which explains the monetary transmission process and that shocks to labour market variables affect monetary policy in Namibia.Keywords: Unemployment, Structural VAR, Impulse response, Variance decomposition, Namibia, macroeconometric modelling
 
Publisher Centre for Economics and Community Economic Development
 
Contributor —
 
Date 2015-12-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/ajer/article/view/127200
 
Source African Journal of Economic Review; Vol 4, No 1 (2016); 1-37
1821-8148
 
Language eng
 
Relation http://www.ajol.info/index.php/ajer/article/view/127200/116718
 
Rights The copyright belongs to: African Journal of Economic Review, Centre for Economics and Community Economic Development, The Open University of Tanzania, P.O.Box 23409, Dar es salaam, Tanzania