This paper provides a birds-eye view of the theoretical underpinnings of the KIPPRATreasury macroeconomic model. The model is built mostly along the now fairly standard lines of the aggregate demand–aggregate supply ...

The objective of this study is to assess the impact of economic, demographic, institutional and technological changes on fiscal policy in Kenya. The study concentrates on the side of public finances of fiscal policies ...

Measuring thelevelof an economy's potential output and output gap is essential in identifying a sustainable non-inflationary growth and in assessing appropriate macroeconomic policies. The estimation of potential output ...

Excise taxes form a substantial proportion of revenue for governments all over the world, and especially in low-income developing countries. Excise taxes are levied on a few goods characterised by low price elasticity ...