Monetary and fiscal policy shocks: VAR econometrics: Macroeconomic policy: Econometric approach,Used

Monetary and fiscal policy shocks: VAR econometrics: Macroeconomic policy: Econometric approach,Used

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To foster macroeconomic stability and growth in output for an economy, fiscal and monetary policies remain important economic management instruments. However, potency of these policies has been a major concern to economists for a long time resulting in the debate on the effectiveness of monetary and fiscal policy by two different schools of thought. Today, despite the many empirical studies the controversy surrounding the effectiveness of these policies is still unresolved. The results from various past studies vary from country to country hence a country specific study to investigate whether monetary and fiscal variables have a predictive content for output is necessary. This study has contributed to the existing literature by investigating the relative impact of both fiscal and monetary policy on output in the Kenya.The study employed the recursive Vector Autoregressive (VAR) approach in analysis to avoid methodological weaknesses that are the cause of the controversial empirical findings regarding the relative impact of the two policies on output.

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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.

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To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.

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We provide a 2-year limited warranty, from the date of purchase for all our products.

If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.

This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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