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How is monetary policy transmittedto the Human Development Index?

Author

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  • Jean Louis EKOMANE

    (Advanced School of Economics and Commerce (ESSEC), University of Douala, Po Box. 1931, Cameroon.)

Abstract

Identifying the monetary policy transmission channels to the Human Development Index (HDI) is a matter of great concern for analysts and economic policy decision takers, dealing with social welfare in the less developed countries. The exploration of those transmission mechanisms, using the conventional structural Autoregressive methodology, with Cameroon data from the World Bank, Beac and UNDP, on the period from 1990 to 2015, points out that HDI reacts significantly to the monetary policy impulses in a two years delay, through twochannels: the “income-consumption channel†and “credit-consumption channel†. In addition, it appears that inflation has a negative effect on the HDI.

Suggested Citation

  • Jean Louis EKOMANE, 2021. "How is monetary policy transmittedto the Human Development Index?," Journal of Economics and Political Economy, EconSciences Journals, vol. 8(4), pages 261-275, December.
    • Handle: RePEc:cvv:journ1:v:8:y:2021:i:4:p:261-275
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • D60 - Microeconomics - - Welfare Economics - - - General

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