Inflation Persistence, Price Rigidity, and Monetary Policy Transmission in Selected Sub-Saharan African Countries
This study investigates the relationship among inflation persistence, price rigidity, and monetary policy transmission in 15 selected Sub-Saharan African (SSA) economies over the period 2008Q1–2024Q4 within a New Keynesian framework. Using the Panel Autoregressive Distributed Lag (PARDL) technique, the study examines b...