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Applied Economics Letters Volume 27, 2020 - Issue 4
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Articles

Divisia monetary aggregate and monetary transmission mechanism in the Democratic Republic of Congo (DRC)

B.P. YembaDivision of Finance and Economics, Marshall University, Huntington, USA
,
B. TangDepartment of Economics, University of Massachusetts Dartmouth, New Bedford, USACorrespondence[email protected]
,
E KitengeDepartment of Business Administration, College of Business, Central State University, Wilberforce, OH, USA
&
J. NsumbuDepartment of Economics, Faculty of Economics and Development, Catholic University of Congo, Kinshasa, Democratic Republic of Congo
Pages 291-297 | Published online: 12 May 2019

References

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  • Barnett, W. A. 1980. “Economic Monetary Aggregate: An Application of Index Number and Aggregation Theory.” Journal of Econometrics 14: 11–48. doi:10.1016/0304-4076(80)90070-6.
  • Barnett, W. A., and H. K. Chang. 2006. “Exchange Rate Determination from Monetary Fundamentals: An Aggregation Theoretic Approach.” Frontiers in Finance and Economics 3 (1): 29–48.
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  • Boivin, J., M. Giannoni, and D. Stevanovic. 2010. “Monetary Transmission in a Small Open Economy: More Data, Fewer Puzzles.” Working Paper.
  • Davoodi M.H.R., S.V.S. Dixit, and G. Pinter. 2013. “Monetary Transmission Mechanism in the East African Community: An Empirical Investigation.” International Monetary Fund Working Paper, 13.
  • Mishra, P., and P. Montiel. 2013. “How Effective Is Monetary Transmission in Developing Countries? A Survey of the Empirical Evidence.” Economic Systems 37 (2): 187–216. doi:10.1016/j.ecosys.2012.12.001.
  • Mishra, P., P. Montiel, and A. Spilimbergo. 2012. “Monetary Transmission in Low- Income Countries.” IMF Economic Review 60: 270–302. doi:10.1057/imfer.2012.7.
  • Nachega, J. C. 2005. “Fiscal Dominance and Inflation in the Democratic Republic of Congo.” IMF Working Paper, 221.

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