Fond bitcoin pour l'amélioration du site: 1memzGeKS7CB3ECNkzSn2qHwxU6NZoJ8o
  Dogecoin (tips/pourboires): DCLoo9Dd4qECqpMLurdgGnaoqbftj16Nvp

Home | Publier un mémoire | Une page au hasard


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

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

précédent sommaire

5.3 Recommendations

ü The central bank should decrease the interest rate in order to motivate investors and increase the level of production in Rwanda. Those investors should however be motivated and oriented to invest strategic sectors in order to find solutions to a weak supply capacity of Rwanda in international trade by promoting export of Rwanda. This can reduce also the Rwandan imports and this can be a solution to inflation in Rwanda.

ü Monetary authorities should do their best in order to avoid the depreciation of

Rwandan currency because the depreciation of Rwandan currency brings nothing

except to bring inflation in Rwanda.


Text Books

Altar, M. (2003). Fiscal and monetary Policies and economic growth. Academy of economic

Studies Bucharest.

Asiimwe H. M., (2009). Fundamental Economics. MK Publishers Ltd, Kampala, Uganda.

Basilisk (January 26, 2010). The monetary policy instruments of Pakistan. Pakistani economy's


Busari, D., Omoke, P. & Adesoye (B22). Monetary policy and macroeconomic stabilization

under alternative exchange rate regime: evidence from Nigeria.

Cuhal, V. (2007). Impact on Monetary Policy on Growth. UDC 336 (043.3).

Darnell, A. C. (1994). A dictionary of econometrics. Brookfield: Edward Edgar Publishing


Friedman, M. & Schwartz, A. (1963). Money and business cycles' Review of Economics and

Statistics. February, p. 3264.

Friedman & Schwartz. (1963). A Monetary history of the United States 1867 - 1960. NBER

National Bureau of Economic Research, Inc. number 631, April.

Frowen, S. F. (1993). Monetary theory and monetary policy. London: The Macmillan press.

Gertler, M and Gilchrist, S. (1991) Monetary policy, business cycles and the behavior of small

manufacturing firms WP 3892. National Bureau of Economic Research, Cambridge,



Fisher, S. (1993). The role of Macroeconomic Factors in Growth. Journal of Monetary Economics, 32: 85-512.

Fischer, S., Sahay, R., & Vegh, C. (1996). Stabilization and growth in transition economies:

the early experience. Journal of Economic Perspectives, 10:46-66.

Frederic S. Mishikin. (2006). monetary policy strategy: How did we get here? NBER Working

Paper, No 12515 (September, 2006).

Friedman, Milton. (1968). The role of monetary policy, American Economic Review, Vol. 58,

No1. Pp 117.

Hsing, Y. (2004). Estimating the monetary policy reaction function for Canada. A VAR model.

Southeastern Louisiane University. Vol.3 No.1 Appril (2004)

Judd, J. P., Motley, B. (1993).  Federal Reserve Bank of SanFrancisco, Economic Review, 1993.

Pages: 3-11.

Republic of Rwanda (2000). Ministry of Finance, Rwanda Development Indicator, Kigali.

Worrel, D. (2000). Money and Fiscal Coordination in Small Open Economies. IMF Working

Paper, WP/00/56.


BNR, Annual report, 2003.

BNR, Annual Report, 2008.

BNR, Annual report, 2009.

BNR, Economic review no 2.

BNR, Economic review no 3.

BNR, Economic review no 5.

BNR, Implementation of monetary policy by National Bank of Rwanda, 2010.

MINALOC.Rwanda Vision 2020 Umurenge, 2000. p4.

MINECOFIN, Rwanda: Vision 2020, 2000.

MINECOFIN.2007. Economic Development and Poverty Reduction Strategy (EDPRS), Kigali.

Electronic sources of Rwanda, visited on 15 September, 2014., consulted on 20 September, 2014., visited on 30 August, 2014., visited on 30 August, 2014.

http:// rate, visited on 30 August, 2014. visited on 28 August, 2014., visited on 2 September, 2014.

http://, visited on 12 August, 2014., visited on 04 September 2014. instruments-of--monetary-policy/11134/ visited on 17 September 2014.

précédent sommaire