Expanding Decent Employment in Kenya: The Role of Monetary Policy, Inflation Control and the Exchange Rate
This IPC Country Study by Robert Pollin and James Heintz examines three policy areas related to monetary policies in Kenya: inflation dynamics and the relationship between inflation and long-run growth; monetary policy targets and instruments; and exchange rate dynamics and the country?s external balance. It concludes with five main policy recommendations
Poverty, Inflation Control, Exchange Rate
"Expanding Decent Employment in Kenya: The Role of Monetary Policy, Inflation Control and the Exchange Rate” is the first installment of the forthcoming full-scale study, An Employment-Targeted Economic Program for Kenya by Robert Pollin and James Heintz of PERI and Mwangi Githinji of the University of Massachusetts, Amherst Economics Department. This project is sponsored by the International Poverty Centre of the United Nations Development Program. The study focuses on monetary policy as a route to pro-poor economic growth, and makes policy recommendations which will contribute to employment expansion, poverty reduction, and improving the balance of payments, while maintaining control over inflationary pressures.
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