Abstract:

Discount rates, East Africa, Economic models, Interest rate policy, Monetary policy, Monetary transmission mechanism, Reserves, aggregate demand, aggregate demand effects, central bank, contractionary monetary policy, demand for money, discount rate, expansionary monetary policy, income velocity of money, inflation, inflation-targeting, liquidity management, long-term interest rates, monetary aggregate, monetary aggregates, monetary authorities, monetary base, monetary determinants, monetary economics, monetary frameworks, monetary fund, monetary policies, monetary policy, monetary policy framework, monetary policy frameworks, monetary policy implementation, monetary policy instrument, monet