The effects of monetary policy on unemployment in Namibia

Tafirenyika Sunde

Journal of Economic and Social Thought, 2015, vol. 2, issue 4, 256-274

Abstract: The main purpose of the article was to establish the effects of monetary policy on unemployment in Namibia. The article used the structural VAR methodology in a macroeconometric setting to achieve this. The results show that monetary policy affects unemployment in Namibia in the short run and in the long run, it is ineffective. These results differ from the results by Alexius & Holmlund (2007) and Jacobs et al. (2003) who found that monetary policy has a significant role to play in explaining unemployment in both the short run and the long run. This means that there is still need to investigate the other explanations of long run unemployment in Namibia such as the demand and supply related variables so that appropriate policies are propounded to address it effectively.

Keywords: Unemployment; Structural VAR; Impulse response; Variance decomposition; Namibia; Macroeconometric modelling. (search for similar items in EconPapers)
JEL-codes: E52 J64 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.kspjournals.org/index.php/JEST/article/download/531/628 (application/pdf)
http://www.kspjournals.org/index.php/JEST/article/view/531 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ksp:journ3:v:2:y:2015:i:4:p:256-274

Access Statistics for this article

Journal of Economic and Social Thought is currently edited by Bilal KARGI

More articles in Journal of Economic and Social Thought from KSP Journals Istanbul, Turkey.
Bibliographic data for series maintained by Bilal KARGI ( this e-mail address is bad, please contact ).