Transcription of Working Paper 151 - African Development Bank
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Working Paper 151 - African Development Bank
The Dynamics of Inflation in Ethiopia and Kenya Dick Durevall and Bo Sj No 151 - August 2012 Correct citation: Durevall, Dick and Sj , Bo (2012), The Dynamics of Inflation in Ethiopia and Kenya, Working Paper Series N 151 African Development bank , Tunis, Tunisia. Steve Kayizzi-Mugerwa (Chair) Anyanwu, John C. Faye, Issa Ngaruko, Floribert Shimeles, Abebe Salami, Adeleke Verdier-Chouchane, Audrey Coordinator Working Papers are available online at Copyright 2012 African Development bank Angle de l avenue du Ghana et des rues Pierre de Coubertin et H di Nouira BP 323 -1002 TUNIS Belv d re (Tunisia) Tel: +216 71 333 511 Fax: +216 71 351 933 E-mail: Sa
facing the same problem (AfDB, 2011). Yet, there is no consensus on the causes of the rise in ... effective response but in 2009 bank-by-bank credit ceilings were therefore introduced to control money supply growth (IMF, 2011). ... the empirical identification of the sources of inflation should help in formulating short-
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