Exploring the Correlation Between Monetary Policy and Food Inflation in Zambia
Sidney Kawimbe -,
Loti Saidi -,
Chilinda Muya -
et al.
Abstract:his relationship isolating food inflation from overall inflation to provide better policy implications that can enhance welfare for the Zambian populace. The Autoregressive Distributed Lag Model and the Error Correction Model were employed for the short run and long run analysis respectively. The findings postulate that there exists a significant relationship between monetary policy and food inflation. The monetary policy rate and the growth in the broad money have a destabilising relationship with food inflat… Show more
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