The Impact of Financial Development on Inflation: Empirical Evidence from Kenya using the ARDL Approach
Emilio Munene Gachoki
Abstract:This study delves into a comprehensive examination of the intricate relationship between financial development and inflation in Kenya, utilizing time series data spanning from 1973 to 2021. Within the empirical and theoretical realms, especially within country-specific contexts, the multifaceted dynamics of short-run and long-run impacts stemming from financial development on inflation have remained a significantly underexplored area. To address this research gap, we employ ARDL analysis, recognized for its so… Show more
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