to inflation and external debt. The results support the standard theory that peg countries (like Barbados) follow the …

escalation of inflation. The political factors such as government instability, corruption, bureaucracy, and internal conflicts … structural VAR model. By imposing long-run restrictions on a VAR model, we identify four structural shocks: nominal demand …

Our paper follows the "Time Varying Parameter VAR with Stochastic Volatility" (TVP VAR) approach developed by Primiceri … (2005): Bayesian estimation with time varying coefficients and stochastic volatility. Our paper contributes to the … coefficients of the VAR model are variant in time, and secondly, in the temporal variance-covariance matrix, that is the error term …

monopolistic competition and staggered reoptimization in output and labour markets. The resultant inertia in inflation and …

reoptimization in output and labour markets. The resultant inertia in inflation and persistence in output is enhanced with other …

the " impact of some major shocks on their evolution. The results of model estimation were generally satisfactory … main determinants of the policy rate and interest rate movements. domestic inflation. An analysis of the historical …

consequently inflation targeting is not a primary objective of the CBN. Based on economic theory, the study recommends the adoption … and exchange rate are both significant in explaining the path of monetary policy rate while the inflation variable was not … of Taylor rule because findings from such rule based approach can be used to stabilize output and inflation in Nigeria. …

-economic activity, and (ii) the use of inflation-targeting as a primary goal of the Indian monetary authority. These two main results …