This IMF country report on Kenya incorporated the model developed in Andrle et al. (2013) to analyze whether disinflation is supply or demand driven in Kenya. The results show that monetary policy played a key role in both overall and non-food inflation as well as in the reversal of Kenya’s exchange rate depreciation.
Anon. Kenya: Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for a Waiver and Modification of Performance Criteria. International Monetary Fund, Washington, D.C., USA (2012) 53 pp.