The impact of monetary policy on consumer price index (CPI): 1985-2010

• Declaration
  
• Approval
  
• Dedication
  
• 
  
• Acknowledgements
  
• Table of Contents
  
• List of Tables
  
• List of Figures
  
• Abbreviations and Acronyms
  
• Abstract
  
• CHAPTER 1: INTRODUCTION TO THE STUDY
  
  • 1.1 Background to the study
    
  • 1.2 Problem statement
    
  • 1.3 Purpose of the study
    
  • 1.4 Research objectives
    
    • 1.4.1 General objective
      
    • 1.4.2 Specific objectives
      
• 
  
  • 1.5 Research Questions
    
  • 1.6 Hypothesis
    
  • 1.7 Scope of the study
    
  • 1.8 Significance of the study
    
    • 1.8.1 Choice of the study
      
    • 1.8.2 Interest of study
      
      • 1.8.2.1 Personal interest
        
      • 1.8.2.2 Interest of the community
        
      • 1.8.2.3 Scientific interest
        
  • 1.9 Definitions of key terms
    
    • 1.9.1 Money
      
    • 1.9.2 Interest Rates
      
    • 1.9.3 Money Supply
      
    • 1.9.4 Exchange rate
      
    • 1.9.5 Monetary policy
      
  • 1.10 Organization of the dissertation
    
• CHAPTER 2: LITERATURE REVIEW
  
• Introduction
  
  • 2.1 Theory of Monetary Policy
    
    • 2.1.1 Transmission of monetary policy
      
    • 2.1.2 Objectives of Monetary Policy
      
    • 2.1.3 Instruments of monetary policy
      
    • 2.1.4 Strategies of monetary policy
      
    • 2.1.5 Taylor rule
      
    • 2.1.6 Economic situation
      
      • 2.1.6.1 Consumer Price Index
        
      • 2.1.6.2 Economic effects of monetary policy
        
  • 2.2 Monetary policy in Rwanda
    
    • 2.2.1 Overview of monetary policy in Rwanda
      
    • 2.2.2 Evolution of monetary policy in Rwanda
      
    • 2.2.3 Monetary policy management
      
    • 2.2.4 Money supply
      
    • 2.2.5 Exchange rate
      
    • 2.2.6 Interest rate
      
• CHAPTER 3: RESEARCH METHODOLOGY
  
  • 3.1 Introduction
    
  • 3.2 Model Specification
    
  • 3.3 Research Design
    
    • 3.3.1 Quantitative and Statistics methods
      
  • 3.4 Estimation techniques
    
    • 3.4.1 Unit Root Test
      
    • 3.4.2 Co-integration Test
      
  • 3.5 Data Collection Methods and Tool
    
  • 3.6 Sample Size
    
  • 3.7 Statistical Test
    
  • 3.8 Characteristics of variables
    
    • 3.8.1 Dependent variable
      
    • 3.8.2 Independent variables
      
  • 3.9 Data processing
    
  • 3.10 Limitations & Delimitations
    
• CHAPTER 4: RESEARCH FINDINGS
  
• Introduction
  
  • 4.1 Strategies of monetary policy in stabilizing economy
    
    • 4.1.1 Open market operations
      
    • 
      
    • 4.1.2 Reserve requirement
      
    • 4.1.3 Discount rate
      
    • 4.1.4 Exchange Rate
      
    • 4.1.5 Direct Credit Control
      
    • 4.1.6 Moral Suasion
      
  • 4.2 Impact of monetary policy on Consumer Price Index (CPI)
    
    • 4.2.1 Evolution of CPI, money supply, Nominal interest rate and nominal exchange rate in Rwanda
      
    • 4.2.2 Econometric analysis of the impact of monetary policy on Consumer Price Index
      
      • 4.2.2.1 Analysis of stationarity for different variables
        
  • In order to arrive at good conclusions and propose important policies, data to be used must be stationary or made stationary .Non-stationary variables can lead to misleading inferences. So, the following is the analysis of stationarity by using the PP and ADF tests.
    
    • 4.2.2.2 Co-integration test
      
      • 4.2.2.2.1 Estimation of an impact of monetary policy on CPI of Rwanda
        
• CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
  
• Introduction
  
  • 5.1 Summary
    
  • 5.2 General conclusion
    
  • 5.3 Recommendations