• Login
    View Item 
    •   Mak IR Home
    • College of Business and Management Sciences (CoBAMS)
    • School of Economics (SE)
    • School of Economics (SE) Collections
    • View Item
    •   Mak IR Home
    • College of Business and Management Sciences (CoBAMS)
    • School of Economics (SE)
    • School of Economics (SE) Collections
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Monetary Policy Framework and Economic Growth in Uganda: Effectiveness of Inflation Targeting Framework

    Thumbnail
    View/Open
    Masters research report (468.1Kb)
    Date
    2019-10-18
    Author
    Vuningoma, Davis
    Metadata
    Show full item record
    Abstract
    In July 2011, bank of Uganda changed its Monetary Policy Framework from targeting monetary aggregates to inflation targeting lite framework. In spite of its ability to stabilize inflation, the impact of the IT regime on economic growth is rather nascent. Upon this backdrop, the study examined the impact of IT regime (in comparison with monetary aggregate regime) on economic growth in Uganda using quarterly data from 2005 quarter 1 to 2018 quarter 4. Empirical model was estimated using ARDL estimation technique and the results revealed that IT regime was associated with higher economic growth outcomes compared to monetary aggregate targeting. Based on the findings, the study recommends government through bank of Uganda to adopt fully-fledged monetary policy as this will further boost economic growth in the country. Key words: Monetary Policy, Inflation targeting, Monetary Aggregates, and ARDL
    URI
    http://hdl.handle.net/10570/7914
    Collections
    • School of Economics (SE) Collections

    DSpace 5.8 copyright © Makerere University 
    Contact Us | Send Feedback
    Theme by 
    Atmire NV
     

     

    Browse

    All of Mak IRCommunities & CollectionsTitlesAuthorsBy AdvisorBy Issue DateSubjectsBy TypeThis CollectionTitlesAuthorsBy AdvisorBy Issue DateSubjectsBy Type

    My Account

    LoginRegister

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    DSpace 5.8 copyright © Makerere University 
    Contact Us | Send Feedback
    Theme by 
    Atmire NV