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The Effect of Monetary Policy on the General Price Level in the Republic of Congo

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  • Bambi Prince Dorian Rivel
  • Ying Yirong

Abstract

The objective of this present work was to analyze the impact of monetary policy on the price level in the Republic of Congo over the period from 1998 to 2019. The linear regression model is the one that was used to carry out our study and the results obtained show that the monetary policy of the Bank of Central African States in the Republic of the Congo has achieved its objective of stabilizing prices, with the money supply positively influencing the price level, i.e. 33.3% of the increase in the general price level is explained by the good monetary policy of the Bank of Central African States in the Republic of Congo during the period 1998 to 2019.

Suggested Citation

  • Bambi Prince Dorian Rivel & Ying Yirong, 2020. "The Effect of Monetary Policy on the General Price Level in the Republic of Congo," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(10), pages 1-96, October.
    • Handle: RePEc:ibn:ijefaa:v:12:y:2020:i:10:p:96
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    References listed on IDEAS

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    1. Mr. Hamid R Davoodi & S. V. S. Dixit & Gabor Pinter, 2013. "Monetary Transmission Mechanism in the East African Community: An Empirical Investigation," IMF Working Papers 2013/039, International Monetary Fund.
    2. Régis Barnichon & Shanaka J. Peiris, 2008. "Sources of Inflation in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 17(5), pages 729-746, November.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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