African economists seek bolder monetary policy reforms to address inequality

Abstract

African economists attending the 12th African Economic Conference in Addis Ababa, Ethiopia, have called for more radical monetary policy reforms and an overhaul of the tax policy regime in most countries in order to guarantee the welfare needs of the local population. Consistent monetary policy yields the greatest welfare security to the citizens compared to discretionary monetary policy,” said Peter Wamalwa of the Central Bank of Kenya, presenting a paper on the impact of monetary policy on the prices of assets in an open economy.