Development Economics
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Browsing Development Economics by Author "Mabuka, Stanley"
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- ItemThe Impact of Global Commodity Price Shocks on Liquidity in Zimbabwe(University of Zimbabwe, 2021-04-22) Mabuka, StanleyThe study investigated the impact of global commodity price shocks on liquidity in Zimbabwe using monthly time series data spanning from 2009M01 to 2017M12. The study employed the first order VAR model based on impulse response functions and forecast error variance decomposition. Further, a two-step regression procedure was employed to determine the shock propagation mechanism. The results obtained confirmed that global commodity price shocks impact on liquidity in Zimbabwe. Within the period under review, commodity price shocks were found to be propagated into the economy through the fiscal performance transmission mechanism.