Impact of the economic environment on the effectiveness of monetary policy in the DRC: empirical verification

Incidence de l'environnement économique sur l'efficacité de la politique monétaire en RDC: vérification empirique

Benjamin Kongolo ()
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Benjamin Kongolo: Université de Kinshasa, Université Pédagogique Nationale

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Abstract: Among the factors that can frustrate a country's monetary policy is its economic environment. Indeed, the economic environment refers to all the external factors which influence the decisions of the authorities. This study follows this logic by analyzing the impact of the economic environment of the DRC on the effectiveness of the monetary policy of the BCC. The economic environment of the DRC is characterized by dollarization, exchange rate volatility, high public debt and balance of payments imbalance. To verify the impact of this environment on monetary policy, the study used the ARDL model without knowing which the study came to the conclusion that, in an environment characterized by the factors above, the Monetary policy is ineffective in stabilizing the general price level.

Keywords: Politique monétaire environnement économique modèle ARDL Monetary policy economic environment ARDL model; Politique monétaire; environnement économique; modèle ARDL Monetary policy; economic environment; ARDL model (search for similar items in EconPapers)
Date: 2024-07-29
New Economics Papers: this item is included in nep-mon
Note: View the original document on HAL open archive server: https://hal.science/hal-04664234
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Published in 2024

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