Berg, Andrew; Charry, Luisa; Portillo, Rafael A; Vlcek, Jan - International Monetary Fund (IMF) - 2013
Many central banks in low-income countries in Sub-Saharan Africa are modernising their monetary policy frameworks …. Here we take a narrative approach, following Romer and Romer (1989), and center on a significant tightening of monetary … policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find …