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Money supply is one of the key variable any monetary policy framework aims at influencing. Central banks all over the world have several instruments at their disposal to control the supply of money in their economies and one such instrument is the monetary policy rate. This study provides an...

Southern Africa remains one of the most unequal regions in Africa. This is despite maintaining real positive growth rates and an impressive trade liberalisation believed to have desirable impact on the standard of living and the redistribution of income within and among trading nations....

Credit markets play an important role in facilitating economic growth and development of countries. Zambia’s Seventh National Development Plan (7NDP) for 2017-2021 identified the agriculture and manufacturing sectors as essential to facilitate the attainment of Zambia’s development agenda by...

Mobile money is widely renowned for its positive contribution to financial inclusion and improvements in welfare of users. Yet, little is known about how mobile money contributes to financial inclusion and improved livelihoods of mobile money agents as individual users and key players in...

The study investigated the impact of decomposed oil price shocks on Zambia’s real aggregate output, its components, and financial markets. A Structural Vector Autoregressive Model was used for short-run analysis and Vector Error Correction Model for long-run analysis. The findings reveal that...

Zambia has over the years relied on both internal and external sources of financing to meet budget deficits. As a result the country has amassed huge amounts of domestic and external public debt. Zambia has outstanding Eurobonds that will be coming due in 2024 and it recently defaulted its debt...

The study analyzed the relative impact of the Zambian petroleum imports on its national debt as a decomposed general macroeconomic process. The study established statistically significant long-run national debt-reducing effects resulting from petroleum imports, GDP, gross capital formation, and...

Zambia has continued to record high fertility and population growth rates despite various studies on determinants of fertility and increased Contraceptive Prevalence Rate (CPR) of 49% reported in the 2013/14 Zambia Demographic and Health Survey report. However, there is lack of information on...

This study investigated the exchange rate pass-through to domestic consumer prices in Zambia, using quarterly data for the period 1994: q1-2019: q4. To estimate the pass-through of exchange rate changes on domestic consumer prices, a structural vector autoregressive (SVAR) approach was used. The...

Despite major achievements that have been made in controlling malaria, the disease remains a significant cause of morbidity and mortality in Zambia, with one in five under-five children infected with malaria. Most caregivers try to seek optimal health care services for their children in order to...