The global financial crisis has reiterated the need for Africa to build resilience to global output shocks. In this paper we examine empirically the role of intra-regional and intra-African trade linkages in being an absorber of the global output shocks in two African regional economic...

The global financial crisis and the subsequent uneven recovery have underscored the need for Africa's resilience to output and other shocks originated in the rest of the world. A comparison of two regional economic communities - the East African Community (EAC) and the Southern Africa Customs...

The global financial crisis and the subsequent uneven recovery have underscored the need for Africa's resilience to output and other shocks originated in the rest of the world. A comparison of two regional economic communities – the East African Community (EAC) and the Southern Africa Customs...

This paper derives the inflation equation to search for a possible transmission channel between the real interest rate, inflation rate, exchange rates, real output growth rate using a Bayesian VAR sign restriction approach. Our findings show that the real interest rate reacts negatively to...

The study used a structural vector autoregressive approach to estimate and quantify the percentage decline in consumption expenditure, which can be attributed to changes in housing wealth, after monetary policy tightening. The effects are separated using a disaggregated Absa house price data,...

This paper analyses the applicability of a nonlinear Taylor rule in characterizing the monetary policy behavior of the South African Reserve Bank, using a logistic smooth transition regression approach. Using quarterly data from 1976 to 2008 to analyze the movement of the nominal short term...

The objective of this paper is to discussmacroeconomic policies that would helpAfrican countries, especially the lowincome countries (LICs), reach strong,sustained and shared growth in the postcrisisworld. The paper first reviews, witha special focus on LICs, macroeconomicpolicies in Africa...

Smallholder agriculture continues to play akey role in African agriculture. This paperinvestigates trends, challenges andopportunities of this sub-sector in EastAfrica through case studies of Kenya,Ethiopia, Uganda and Tanzania. In theseagriculture-based economies, smallholderfarming accounts...