The objective of this study was to estimate a monetary policy reaction function (MRF) for Kenya. It sought to understand whether the Central Bank of Kenya (CBK) in its reaction to macroeconomic changes and/or disturbances, ...

Model simulations are perfonned for different reasons, such as policy evaluation, historical policy analysis and model testing. Ex ante simulations tend to be more popular, particularly for the purposes of evaluating ...

Accommodation is a key component of the tourism industry in Kenya, which has been recognized as a key sector in the economic pillar of the country’s Vision 2030. Therefore, the envisaged growth of the tourism industry in ...

Wheat is the second most important cereal in Kenya after maize and it plays an important role in enhancing food security. Despite this importance, the industry has been facing competition from import of cheap wheat. To ...

This Special Paper examines the constraints that limit access to finance and to develop specific recommendations for the removal of legal constraints and further actions to address problems of non-legal nature. The structure ...

This study relates to one of the components of a three-year USAID-supported project on "Enhanced Policy Formulation and Implementation for Micro and Small Enterprises - MSEs" as proposed and implemented by KIPPRA (2003). ...

The review of the Government of Kenya 2005/06 budget sought to ascertain how the annual budget allocations traced the broad fiscal and macroeconomic targets set out in the Economic Recovery Strategy for Wealth and ...

Government legislation and regulations, while necessary in any modern society, impose a considerable cost burden on businesses. The regulatory framework of a country affects all businesses in that it imposes costs ...

The International Labour Organization approximates that about 250 million children worldwide are involved in child labour, with most children working under harmful conditions; that is in circumstances that are detrimental ...

Counties all over the world have reformed or are attempting to reform their tax systems, with the main impetus being the increasing complexity of tax codes, narrow tax bases, and concerns with horizontal equity. Kenya's ...