This paper uses a Bayesian estimation approach to examine the behavior of the Sierra Leone’s economy by creating a small-open economy DSGE model that includes financial frictions. The study utilises a New Keynesian framework to examine the actions of diverse economic agents, such as...

This study delves into the repercussions of fiscal policies, particularly those marked by high expenditure financed by monetary means, on key macroeconomic indicators in Sierra Leone. Employing a Dynamic Stochastic General Equilibrium (DSGE) model, the analysis illuminates how shocks in one...

This theoretical review explores the evolution of artificial intelligence (AI) and its impact on teaching and learning in the digital age. Investigating AI's integration into educational settings, the paper synthesises theoretical frameworks, empirical studies, and emerging trends. Drawing on...

This paper explores the Economic Theory of Inflation, meticulously progressing from fundamental concepts to intricate mathematical models. Investigating causes and consequences, the study draws on pertinent economic theories and empirical evidence. Key findings elucidate the multifaceted nature...

This paper explores the intricate dynamics of fiscal dominance and its profound implications for monetary policy efficacy, contributing to the discourse on the interplay between fiscal and monetary policies. The theoretical foundation critically examines existing literature, integrating...

This study delves into the repercussions of fiscal policies, particularly those marked by high expenditure financed by monetary means, on key macroeconomic indicators in Sierra Leone. Employing a Dynamic Stochastic General Equilibrium (DSGE) model, the analysis illuminates how shocks in one...

This study examines the duality of the exchange rate market in Sierra Leone, delving into the distinct impacts of the official and parallel exchange rates (between the Leone and the United States Dollar) on inflation. Employing the Autoregressive Distributed Lag (ARDL) approach and utilizing...

This paper delves into the vital role of women in economic governance for achieving sustained and equitable growth in Africa. Historically, African women have played significant roles in economic activities and governance structures, particularly in pre-colonial societies, where they were...

In the current age of technology, which is supported by flexible (hand-held) devices like iPad, the use of learning platforms such as Moodle can support virtual learning through synchronisation with available technologies like effective (fibre-optic) network system. In addition to it being a...

The book comprised of six parts and a total of twelve chapters. Part I, “Introduction to Dynamic Stochastic and General Equilibrium (DSGE) Modelling,” set the underlying foundation of the basics of three key agents in DSGE formulation, namely, the Households, Firms and Government, while also...