... attribution to the original publication and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode Monetary policy Inflation targeting Unemployment Vector error correction model Ghana E24 E51 E52 Monetary and fiscal policies...

... estimator BRIC-T E52 F31 C23 (7) L M N T 2 + = ∑ i = 1 N ∑ t = 1 T ω ^ i t − 2 S i t In equation 7 , S i t represents the error term and ω ^ i t − 2 is estimation of long-term variance...

...-2017, fluctuating between a record low of 73.3 per cent in 2009 and an all-time high of 101.2 per cent in 2017. DSGE Economic stabilization Monetary and fiscal policy Optimal rules E52 E61 E62 E63 The rest of the paper is organized as follows. Section 2 presents an overview...