Research ArticleOpen accessPhrase in the titleSingle-Digit Inflation Targeting and Economic GrowthRichard AyisiIn recent times, most central banks have adopted inflation-targeting monetary policy approach aimed primarily to achieve single-digit inflation. Though, the literature suggest that low level of inflation promotes economic growth, the literature is silent on the threshold inflation level needed to promote growth. Studies in developing countries that seek to estimate the threshold level of inflation that promotes economic growth … …American Journal of Economics and Business Administration, Vol. 5, Issue 1 · 4 Sep 2013 · 7,364 accessesView PDFCite
Research ArticleOpen accessIn the keywordsHow Can the Public Monitor Monetary Policy?Takashi SendaOn August 11, 2000, the Bank of Japan made one of the most controversial decisions in the history of monetary policy when it ended its zero-interest-rate policy and increased the overnight rate to 0.25%. This paper aims to examine whether or not this decision to terminate the zero-interest-rate policy was premature. In this study, I argue that this decision by … …American Journal of Economics and Business Administration, Vol. 9, Issue 2 · 6 Jul 2017 · 8,273 accessesView PDFCite
Research ArticleOpen accessIn the abstractMonetary Policy in a Markov-Switching VECM: Implications for the Cost of Disinflation in GhanaRichard Kwabi Ayisi, Joseph AduMonetary policy assessment in Ghana has been conducted using vector auto-regression. This however, presumes stability of long run outcomes and particularly ignores monetary policy regime changes that has characterized the economy overtime. This study thus introduced the possibility of switches in the long run equilibrium in co-integrated vector auto-regression by allowing both the covariance and weighting matrix in the error-correction … …American Journal of Economics and Business Administration, Vol. 8, Issue 2 · 18 Mar 2017 · 8,548 accessesView PDFCite