The Effect Of Monetary Policy On Household Consumption In Cameroon

Author : George Cheo Fuh
Publisher : GRIN Verlag
Page : 8 pages
File Size : 49,6 Mb
Release : 2016-07-04
Category : Business & Economics
ISBN : 9783668251427

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The Effect of Monetary Policy on Household Consumption in Cameroon by George Cheo Fuh Pdf

Research Paper from the year 2014 in the subject Economics - Macro-economics, general, grade: 3.8/5, , course: MANAGEMENT, language: English, abstract: The study investigates the effect of monetary policy on household consumption in Cameroon between 1980 and 2010. The objective of the study is to find out the relationship between monetary policy on household consumption in Cameroon and to recommend policies to improve on household consumption in Cameroon. The study uses secondary time series annual data from World Bank Group Development indicators for Cameroon. The work uses economic model showing household final consumption expenditure as a function of monetary and quasi money growth, real interest rate, total reserve and Gross National Income per capita. Given the trends of the variables estimated results indicate that Total reserve as a ratio of GNP and GNI per capita positively and significantly affect household consumption. Monetary and quasi monetary growth has a negative impact on household consumption. Policy makers therefore need to encourage Total reserve and GNI per capita. It is therefore strongly recommended that instrument of monetary policy should be used in the economy as means of influencing household consumption.

Author : Célestin Monga
Publisher : Oxford University Press
Page : 801 pages
File Size : 53,6 Mb
Release : 2022-12-20
Category : Business & Economics
ISBN : 9780192664655

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The Oxford Handbook of the Economy of Cameroon by Célestin Monga Pdf

Cameroon's suboptimal economic experience since independence (1960) sheds light on broader issues of Africa's development narrative, and provides valuable economic and policy knowledge. While Cameroon's large informal economy is diverse and resilient and rooted in old business traditions, its formal economy has exhibited low productivity and employment growth for over 60 years. This has brought anger, disappointment, and violent conflict in several regions of the country. The Oxford Handbook of the Economy of Cameroon examines the reasons of Cameroon's unsatisfactory economic performance and draws lessons from successful development experience to help tackle these issues. The Handbook provides a critical assessment of the history, patterns, and strategies of economic development in Cameroon, and outlines new approaches to economic enquiry for prosperity and social change. Through Cameroon's governance story, the handbook analyzes the evolving conceptions of economic policy, takes stock of intellectual progress, documents the challenges of implementation, and outlines the intellectual and policy agenda ahead. For a developing country increases in per capita income arise from advances in technology arise from closing the knowledge and technology gap with those at the frontier. And within any country (especially one like Cameroon), there is enormous scope for productivity improvement simply by closing the gap between best practices and average practices. Standards of living can therefore be improved through the implementation of pertinent learning strategies. In this Oxford Handbook of the Economy of Cameroon, an international team of leading development economists and researchers address the wide range of issues facing Cameroon and provide guiding principles on how best the country (and other developing nations) could move human, capital, and financial resources from low- to high-productivity sectors in a constantly changing global economy.

Author : International Monetary Fund. African Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 129 pages
File Size : 42,7 Mb
Release : 2022-08-04
Category : Business & Economics
ISBN : 9798400217388

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Cameroon by International Monetary Fund. African Dept.,International Monetary Fund. Strategy, Policy, & Review Department Pdf

Following two years of COVID-19 challenges, Cameroon, the largest economy in the Central African Economic and Monetary Union (CEMAC), is facing a new policy environment. The nascent economic recovery from mid-2021, supported by higher oil prices and non-oil production, is now subject to greater uncertainties with spillovers from the war in Ukraine, high inflationary pressures, especially on food and fuel prices, and a tightening of global financial conditions. Low vaccination rates also leave the country vulnerable to further COVID-19 waves. In July 2021, the IMF’s Executive Board approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for SDR 483 million (about US$689.5 million, or 175 percent of Cameroon’s quota) to support the country’s economic and financial reform program.

Author : Angus Deaton
Publisher : World Bank Publications
Page : 492 pages
File Size : 45,5 Mb
Release : 1997
Category : Business & Economics
ISBN : 0801852544

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The Analysis of Household Surveys by Angus Deaton Pdf

Using data from several countries, including Cote d'Ivoire, India, Pakistan, Taiwan, and Thailand, this book analyzes household survey data from developing countries and illustrates how such data can be used to cast light on a range of short-term and long-term policy issues.

Author : Evans Osabuohien,Gbadebo Odularu,Daniel Ufua,Romanus Osabohien
Publisher : Taylor & Francis
Page : 333 pages
File Size : 49,5 Mb
Release : 2022-11-10
Category : Business & Economics
ISBN : 9781000773699

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Socioeconomic Shocks and Africa’s Development Agenda by Evans Osabuohien,Gbadebo Odularu,Daniel Ufua,Romanus Osabohien Pdf

This book investigates how African countries respond to socioeconomic shocks, drawing out lessons to help to inform future policy and development efforts. The challenges posed by the COVID-19 pandemic affected all sectors of the economy, exposing substantial structural weaknesses and complexities in supply chains and logistics across the African continent. This book examines the disruptive impact of the pandemic across Africa. However, it also goes beyond the current crisis to investigate how socioeconomic pressures in general impact commodity prices, national budgeting processes, food, business, energy sectors, education, health, and sanitation. Overall, the book presents evidence-based solutions and policy recommendations to enable readers to improve resilience and responses to future crises. The insights provided by this book will be of interest to policymakers and development agencies, as well as to researchers of global development, politics, economics, business, and African studies.

Author : Blanca Moreno-Dodson
Publisher : World Bank Publications
Page : 286 pages
File Size : 44,8 Mb
Release : 2012-10
Category : Business & Economics
ISBN : 9780821396308

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Is Fiscal Policy the Answer? by Blanca Moreno-Dodson Pdf

Fiscal policy is an important instrument for maintaining and improving living standards. Such living standards can be viewed as an outcome of the interaction between the opportunities offered by society and the readiness and ability of each person to exploit them. Under certain circumstances, public finance can make an important contribution to the creation of opportunities within a given society by raising resources from the private sector through taxation or borrowing (domestic and external) and allocating those resources effectively and equitably in the form of public spending, including through public goods and transfers. The first chapters in this volume sketch out a framework that policy makers can use in adopting a more cohesive or integrated approach to the short- and long-term dimensions of fiscal policy. Here the traditional threefold rationale for fiscal policy proposed by Musgrave-stabilization, resource allocation, and distribution-continues to be useful. Other chapters in this volume take up some of the critical institutional challenges in implementing fiscal policy for longer-term growth and development. These chapters also look at the tools and approaches being developed to address these challenges. Improving the quality of public investment management is a particular priority in view of the recent evidence that as little as half of all public investment expenditure translates into productive capital stock. The last chapter in this volume is a case study of fiscal responses to the great recession in low-income Sub-Saharan Africa, looking at stabilization and the longer-run growth, as well as distributional aspects of such responses. The growing depth of domestic financial markets in many African countries rather unexpectedly is turning out to be a critical source of financing for fiscal policy responses.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 90 pages
File Size : 40,9 Mb
Release : 2001-08-06
Category : Business & Economics
ISBN : 9781451808032

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Cameroon by International Monetary Fund Pdf

Cameroon’s good record of performance in the macroeconomic and structural areas under the previous three-year Poverty Reduction and Growth Facility (PRGF) arrangement remained broadly satisfactory during the first six months of the first annual program. Progress in structural reforms has continued, notably in the financial, transport, forestry, and petroleum sectors. For the medium term, Executive Directors emphasized the importance of continuing to strengthen the efficiency and transparency of public revenue and expenditure management, and welcomed the authorities’ intention to launch a technical audit of the judicial system.

Author : Issouf Samaké,Ms.Priscilla S Muthoora,Mr.Bruno Versailles
Publisher : International Monetary Fund
Page : 35 pages
File Size : 46,8 Mb
Release : 2013-06-11
Category : Business & Economics
ISBN : 9781484318256

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Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries by Issouf Samaké,Ms.Priscilla S Muthoora,Mr.Bruno Versailles Pdf

This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as the non-oil primary deficit and public debt. Policy scenarios show that Cameroon’s large infrastructural needs and relatively low current debt levels could justify a temporary deviation from traditional policy advice that suggests saving part of the oil revenue to smooth expenditure over time. Model simulations show that a relatively high degree of efficiency of public investment is needed for scaled-up public investment to make a significant contribution to growth, while maintaining fiscal sustainability.

Author : OECD,African Development Bank
Publisher : OECD Publishing
Page : 588 pages
File Size : 49,8 Mb
Release : 2006-05-23
Category : Electronic
ISBN : 9789264022447

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African Economic Outlook 2006 by OECD,African Development Bank Pdf

The African Economic Outlook presents a broad, insightful picture of the economies of Africa that includes macroeconomic projections, country reports, and a statistical annex. This edition highlights transport infrastructure issues.

Author : Mr.Dhaneshwar Ghura
Publisher : International Monetary Fund
Page : 32 pages
File Size : 44,6 Mb
Release : 1997-12-01
Category : Business & Economics
ISBN : 9781451980004

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Private Investment and Endogenous Growth by Mr.Dhaneshwar Ghura Pdf

This paper investigates empirically the factors that have influenced economic growth in Cameroon during 1963-96. The results, which support the endogenous-growth-type model, indicate that (1) the aggregate production function exhibits increasing returns to scale; (2) the impact of increases in private investment on growth is large, significant, and robust; (3) increases in government investment have a positive impact on growth; (4) human capital development plays an important role in output expansion; (5) positive externalities are generated by physical and human capital accumulation; and (6) growth is boosted by economic policies that foster external competitiveness and a prudent fiscal stance.

Author : Harold D. Nelson
Publisher : Unknown
Page : 350 pages
File Size : 48,8 Mb
Release : 1974
Category : Cameroon
ISBN : UIUC:30112047392870

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Area Handbook for the United Republic of Cameroon by Harold D. Nelson Pdf

General study of Cameroon - covers historical and geographical aspects, demographic aspects and social structures, ethnic groups, languages, living conditions, health, education, culture, the political system, administration of justice, political partys, international relations, communication, the economic structure, public finance, banking, agriculture, industry, trade, transport, defence, etc. Bibliography pp. 299 to 318, maps and statistical tables.

Author : David E. Sahn,Paul A. Dorosh,Stephen D. Younger
Publisher : Cambridge University Press
Page : 326 pages
File Size : 46,9 Mb
Release : 1999-08-13
Category : Business & Economics
ISBN : 0521665132

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Structural Adjustment Reconsidered by David E. Sahn,Paul A. Dorosh,Stephen D. Younger Pdf

In this 1998 study the authors isolate the effect of specific policy measures associated with adjustment programs in ten African countries.

Author : OECD,African Development Bank,United Nations Economic Commission for Africa
Publisher : OECD Publishing
Page : 286 pages
File Size : 54,7 Mb
Release : 2010-06-22
Category : Electronic
ISBN : 9789264086890

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African Economic Outlook 2010 by OECD,African Development Bank,United Nations Economic Commission for Africa Pdf

African Economic Outlook 2010 focuses on public resource mobilisation and aid in Africa, presenting a comprehensive review of best practices in tax administration, policies and multilateral agreements, including recommendations for meeting future challenges.

Author : Lawrence Bouton,Christine Jones,Miguel Alberto Kiguel
Publisher : World Bank Publications
Page : 74 pages
File Size : 48,6 Mb
Release : 1994
Category : Africa
ISBN : 8210379456XXX

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Macroeconomic Reforms and Growth in Africa by Lawrence Bouton,Christine Jones,Miguel Alberto Kiguel Pdf

Author : John A. Bishop,Juan Gabriel Rodriguez
Publisher : Emerald Group Publishing
Page : 450 pages
File Size : 51,9 Mb
Release : 2016-11-25
Category : Social Science
ISBN : 9781785609930

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Inequality after the 20th Century by John A. Bishop,Juan Gabriel Rodriguez Pdf

Volume 24 offers fresh theoretical and methodological insights into the key issues in the field of economic inequality.