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MONETARY POLICY AS A TOOL F'OR MACROECON01\11C STABll,TZATION IN GHANA

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Authors

IVY ACQUAYE
stagiaire
DOI: https://doi.org/10.57054/codesria.pub.602

Keywords:

Monetary policy macroeconomics economic stabilization econometric analysis models, Ghana

Synopsis

The efficacy of monetary policy in macroeconomic stabilization has been a matter of interest to researchers in most developing countries. This study addresses the issue in the light of the Ghanaian economy over the period 1965-1990. Using an appropriate econometric technique, a model with real output, inflation and balance of payments equations was estimated. The results of the regressions,  indicated monetary variables as influential in all the equations which suggests that monetary behaviour does indeed matter in Ghana. Therefore, effective monetary policies could make significant contributions to macroeconomic stabilization in Ghana. Notable amongst the policy recommendations offered is strengthening of the financial institutions to ensure sound monetary policy implementation in Ghana •

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Author Biography

IVY ACQUAYE, stagiaire

A THESIS SUBMITTED TO THE DEPARTMENT OF ECONOMICS, UNIVERSITY OF GHANA, LEGON, IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF PHILOSOPHY IN ECONOMICS.

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June 20, 2023

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APA ACQUAYE, I. (2023). MONETARY POLICY AS A TOOL F'OR MACROECON01\11C STABll,TZATION IN GHANA. CODESRIA. https://doi.org/10.57054/codesria.pub.602

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Chicago ACQUAYE, IVY. MONETARY POLICY AS A TOOL F'OR MACROECON01\11C STABll,TZATION IN GHANA. Dakar: CODESRIA, 2023. https://doi.org/10.57054/codesria.pub.602.

MLA ACQUAYE, IVY. MONETARY POLICY AS A TOOL F'OR MACROECON01\11C STABll,TZATION IN GHANA. CODESRIA, 2023. https://doi.org/10.57054/codesria.pub.602.

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