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The impact of monetary policy on consumer price index (CPI): 1985-2010


par Sylvie NIBEZA
Kigali Independent University (ULK) - Master Degree 2014
  

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Specific objectives of this study were including:

· To analyze the impact of monetary policy on Consumer Price index.

· To find out and describe the strategies of monetary policy in stabilizing Rwandan economy.

1.5 Research Questions

By attempting to evaluate the impact of monetary policy, the questions raised are the following:

· Is there any impact of monetary policy on Consumer price index?

· What are the strategies of monetary policy in stabilizing economy in Rwanda?

1.6 Hypothesis

According to MUCHIELLI (1979:26) hypothesis are relative answers which lead work an analysis of data and they have to be tested consequently, correctly, and deeply by the Work.

From the research questions that were set the following hypothesis are formulated to guide the researcher throughout study as stated below:

Ho: monetary policy has no significant impact on CPI.

H1: monetary policy has a significant impact on CPI.

H0: monetary policy has no significant contribution to stabilize Rwandan economy.

H1: monetary policy has significant contribution to stabilize Rwandan economy.

1.7 Scope of the study

This research is limited in area (space), in time (period) and in domain.

This research is focused in NBR (Bank National du Rwanda) area in order to manage the time limits and financial constraints.

It is limited in period 1985-2010 the reason for this period is the period where some data are available and it is limited in domain of monetary policy and economy.

This study is defined in a macroeconomic framework in the sense that it deals with national income and inflation which are among major macroeconomic aggregates and the way of stabilizing them. This study concerns mainly the case of NBR.

1.8 Significance of the study

1.8.1 Choice of the study

The researcher has chosen to deal with the impact of monetary policy on consumer price index (CPI) because of the researcher want to increase her knowledge and skills in monetary policy on economy.

1.8.2 Interest of study

The interest of study is divided in personal interest, interest of the community and scientific interest

1.8.2.1 Personal interest

The interest of this research is to analyze deeply the impact of monetary policy on consumer price index (CPI).

1.8.2.2 Interest of the community

The result of this study was facilitating the implementation of suggestions and recommendations in order to improve the contributions of monetary policy on CPI.

1.8.2.3 Scientific interest

The interest of this research was facilitating to the students of Kigali Independent University (ULK) and other researchers to do the research study to fulfill their academic requirement of being awarded.

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