The terms used in these monetary statements can often be confusing.” Thank you for reading Nation.Africa Show plans Monetary policy is a powerful tool used by the Bank of Uganda to manage the economy.

This paper revisits the transmission of monetary policy by constructing a novel dataset of monetary policy shocks for an unbalanced sample of 33 advanced and emerging market economies during the ...

Using a sample of 16 ME & CA countries, we find that when interest rates increase, the two shocks have opposite spillovers on the region. Tightening driven by contractionary monetary policy shocks ...