... diffusion-regression state-space model Central bank communication C22 E52 E58 F31 In the management of floating exchange rates, central banks increasingly rely on two distinct yet interconnected policy tools: actual interventions, which involve direct buying or selling of foreign currency...

... in the economy and the appropriate model for capturing the uncertainty of the model parameters. Inflation SV-GARCH Volatility C11 C22 E31 If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he will end in certainties. – Francis Bacon...

...   where U c y c , t = ( U t - U t * ) Y c y c , t = log ( G D P t ) - log ( G D P t * ) , Okun's law Gap model Unemployment-output relationship NARDL model C22 E32 J64 Several economists have followed...

... effect on money demand in Burkina Faso, Burundi, Côte d'Ivoire, Egypt, Ethiopia, Gabon, Ghana, Kenya, Morocco, Senegal, Sierra Leone and Togo. However, there exists asymmetric effect of exchange rate on money demand in the long run for Burkina Faso, Burundi, Ethiopia, Sierra Leone and Togo. C22 E40...

... at: clementmoyoz@yahoo.com 31 10 2018 04 07 2019 19 09 2019 C13 C22 G20 G21 According to Levine (1997) , financial development promotes economic growth by encouraging innovation and the production of more goods and services. Therefore, in an attempt to enhance financial...

... © Emerald Publishing Limited 2018 Emerald Publishing Limited Licensed re-use rights only Volatility GARCH Day-of-the-week effect JSE indices C22 G10 G12 The efficiency of a market refers to the extent to which the decisions of all market participants cumulatively reflect...