An Empirical Analysis Of The Relationship Between Exchange Rates And Inflation In Kenya (1973-2014)
Achieng, Were Mercy
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This study examined the relationship between exchange rates and inflation in Kenya from an empirical perspective using time series data from the year 1973 to 2014. A VAR model was used and data analysis conducted using ADF unit root test, cointegration tests, VECM test as well as Granger causality test. The results of the data analysis revealed a positive unidirectional causality from exchange rate to inflation.
University of Nairobi