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Discussion Paper No. 16 of 2002 on Better Understanding of the Kenyan Economy: Simulation from the KIPPRA-Treasury Macro Model
(The Kenya Institute for Public Policy Research and Analysis (KIPPRA), 2002)
Since the pioneering work of Tinbergen in the late 1930s, the use of macroeconomic models as vital instruments for policy analysis has gained
considerable interest. Based on historical behaviour of an economy, an ...
Discussion Paper No. 37 of 2004 on Budget Mechanisms and Public Expenditure Tracking in Kenya
(The Kenya Institute for Public Policy Research and Analysis (KIPPRA), 2004)
Public expenditures are faced with numerous problems of wastage and leakages of resources mainly due to weak procurement procedures, corruption and weak monitoring systems. Nevertheless, in most developing countries, central ...
Discussion Paper No. 123 of 2010 on Contractionary Monetary Policy Effects on Aggregate Income when Exchange Rates Overshoot in Kenya: a Policy Paradox?
(The Kenya Institute for Public Policy Research and Analysis (KIPPRA), 2010)
With the liberalization of the exchange rate market in Kenya, it is expected that contractionary monetary policy meant to reduce inflation will lead to exchange rate overshooting. Exchange rate overshooting on the other ...
Discussion Paper No. 122 of 2010 on Efficiency of the Financial Market Intermediation Process in Kenya: A Comparative Analysis
(The Kenya Institute for Public Policy Research and Analysis (KIPPRA), 2010)
Interest rate margins have been used severally in literature to indicate the extent of financial sector repression and inefficiency. Wide interest margins are detrimental for savings mobilization and stifle investment ...